Tata Power consumers will have to pay more as MERC approves 24% hike [Video]

The Maharashtra Electricity Regulatory Commission on Thursday approved an average tariff rise of about 24% for Tata Power for the fiscal year 2024-25. The revised tariffs are effective from 1 April, 2024.

According to the MERC order, “The present tariff hike is necessitated mainly due to fact that there was under-recovery due to stay on tariff as determined in the MTR Order for FY 2023-24. Had there been no stay, tariff for FY 2024-25 would have resulted in tariff decrease of ~13% than approved by the Commission in MTR Order for FY 2024-25.”

This comes after Tata Power had asked for a revision in average price tariff by about 12%in bid to recover ₹927 crore arrears. The proposed hike increased the price for consumers using less than 100 units to ₹4.96 per kWh from the earlier price of ₹1.65. On the flipside, the company had proposed a reduction for 500 and above units’ consumers to ₹7.94 from …