Real Cost of Power
An Independent Study estimates that Rs.100,000 Crore has been invested on Power back-up equipment
Rs. 1, 00,000 crore has been invested on Power Back- Up equipment so far, while an additional Rs. 30,000 Crore is spent every year as operational expense on generating back-up power, estimates the report ‘The Real Cost of Power’, a pan-India study commissioned by Wartsila India Ltd through Universal Consulting India Private Limited, a reputed strategic consulting firm. The key objective of the study was to identify the mechanisms used to cope with power outages by various consumer segments (primarily residential and commercial) and to assess the overall cost of power. The study highlights startling figures that consumers are unwittingly paying because of power outages that are rampant across the country. The study also reveals that substantial investments have been made by individual consumers while setting up mechanisms to cope with power outage. In spite of this high cost, the consumer is typically running a limited set of basic appliances on backup power and not a full load.
Highlighting the key findings of the study, Mr. Rakesh Sarin, Managing Director of Wartsila India Ltd. said, “The findings provide an insight that the common man in the country will benefit immensely by paying a little extra sum of money in return for reliability in power supplies. A 'reliability surcharge' of as little as 50 paisa per unit can support rapid capacity build-up. This surcharge would be far less than the extra charges consumers are incurring today and would also offer the comfort of '24 x 7' availability. The nation would benefit from the resulting impact on GDP. This study raises some important questions, and stakeholders across the power sector value chain need to work together to find and implement the right solutions.”
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