Power Tariff - Latest News Update, Information, Photos & Videos on Power Tariff at Lokmat Times

Electricity in Mumbai will likely get costlier as major power supplier Tata Power will revise traffic charges from April 1, 2024. The increase of power tariff for high-end residential users will be in the range of 34-36%. According to Maharashtra Electricity Regulatory Commission (MERC), the decision has raised concerns among experts about the potential migration of residential consumers to alternative utilities like BEST in the island city and Adani Electricity in the suburbs.According to the Economic Times report, the revised tariff order allows Tata Power to recover an accumulated revenue gap of Rs 1,374 crore from previous years. This results in an average tariff hike of 24% across all categories, with higher increases observed in various residential categories.According to power expert Ashok Pendse, any hike exceeding 10-20% constitutes a tariff shock, potentially leading to consumer migration to other power utilities. The increase in monthly bills will burden approximately 7.5 lakh consumers, particularly impacting low-end consumers whose bills for a consumption of 300 units may rise from around Rs 2,000 to nearly Rs 2,600.Also Read | Tata Power consumers in Mumbai set to shell out more for electricity from April.For Tata Power's commercial users, including shop owners and offices, the monthly power tariff is set to rise by 38%, posing financial challenges to businessmen. Additionally, the tariff for industry consumers is expected to increase by 30%.Despite the hike, a Tata Power spokesperson highlighted that the residential tariff for the 0-100 category remains the lowest, and the 101-300 category is only marginally higher compared to other private players. Tata Power affirmed its commitment to providing reliable and quality power supply while optimizing power purchase costs, potentially leading to tariff reductions in the future.Explaining the rationale behind the tariff hike, MERC Chairman Sanjay Kumar mentioned that Tata Power's under-recovery due to a stay on tariff as determined in the mid-term review order for 2023-24 necessitated the increase. Kumar also noted that if Tata Power had not stayed, the present tariff for 2024-25 would have resulted in a 13% decrease compared to the commission's approved tariff.During a public hearing last month, citizens expressed opposition to the significant hikes proposed by Tata Power, particularly for low-end users. However, the commission emphasized that the reduction in imported fuel costs from April 2023 to November 2023 has been factored into determining the tariff for 2024-25, reflecting a pass-on of the benefit of reduced fuel prices to consumers.

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Trump Tarrifs

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Power TariffFOLLOW

Power tariff, Latest News

National :School Holiday in Puducherry Today: Classes for Standards 1 to 8 Suspended as INDIA Alliance Calls for Bandh Over Power Tariff Hike

Government and private schools in Puducherry declared a holiday today (Wednesday) for classes 1 to 8 after the INDIA ... ...

Maharashtra :Electricity Price Hike in Mumbai: Adani Power Users to Face Up to Rs 1.70 Per Unit Hike From May 2024

More than 31.5 lakh users of Adani Electricity in Mumbai suburbs will face electricity tariff hikes ranging from 70 ... ...

Maharashtra :Electricity Price Hike in Mumbai: Power Tariff To Rise by 27-44% in April for Tata Power Residential Consumers

Electricity in Mumbai will likely get costlier as major power supplier Tata Power will revise traffic charges from April ... ...