Tata Power hikes tariff by 24% on average from April 1
1 year ago

Tata Power hikes tariff by 24% on average from April 1

Hindustan Times  

Mumbai: Come April 1, over seven lakh consumers of Tata Power will have to pay tariffs that are 24% higher on average than current rates as the Maharashtra Electricity Regulatory Commission has approved the company’s plan of recovering arrears amounting to ₹1,374.08 crore through electricity bills. Group housing societies who buy power in bulk and have separate connections will have to pay ₹8.74 per unit compared to the current rate of ₹6.87 per unit. Tariffs for public electric vehicle charging stations installed by Tata Power have also been hiked from ₹6.11 per unit to ₹8 per unit. A Tata Power spokesperson welcomed the order, saying, “MERC has determined the revised tariff for FY 2024-25, resulting in an overall increase due to past approved gaps up to FY 2023-24, to be recovered within FY 2024-25 and remaining within a range of +/- 20% of the average cost of supply.

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