`Change power pricing policy'

THIRUVANANTHAPURAM, OCT. 7. Much of the financial problems of the State Electricity Boards could be sorted out if the Union Government were to change the pricing policy applicable to power generating stations, according to the Kerala State Electricity Board Officers' Association (KSEBOA).

The price of electricity supplied to the boards by the generating stations both in the public sector and private sector is now fixed in such a way as to ensure a guaranteed return of over 14 per cent on the investment made by the generating companies on their plants. This is too high under the present low-interest regime. In short, the entire pricing policy is weighed in favour of the generating companies. The average price load on the boards is estimated to be 75 paise per unit, according to a background paper got up by the KSEBOA for a seminar being organised in Manjeri on Friday.