Chandigarh, March 7 -- The power tariff cuts will help the Punjab government reduce its subsidy bill by a whopping Rs.5,300 crore, easing the pressure on the state exchequer and easing the fiscal situation.

The Punjab State Electricity Regulatory Commission (PSERC) determined a cumulative revenue surplus of Rs.7851.91 crore, accepting the PSPCL's claim of achieving a Transmission and Distribution (T&D) losses target of 10% for FY 2026-27 against 12.75% submitted earlier by PSPCL in its Annual Recurring Revenue (ARR) and 11.80% approved by commission itself in order dated December 11, last year.

The commission approved an annual loss reduction target of just 0.20% for PSPCL and accepted PSPCL's revised loss target of 10% just to reduce t...