Mumbai Tata Power Consumers can expect a 20% spike in Electricity Bills as the MERC Sanctions Tariff Rise

Mumbai Tata Power Consumers can expect a 20% spike in Electricity Bills as the MERC Sanctions Tariff Rise

The energy charges for the 101-300 unit category have been raised to Rs 5.36 per kWh from Rs 5.05, while for the 301-500 category, it has climbed to Rs 11.62 per kWh from Rs 9.20. The Maharashtra Electricity Regulatory Commission has sanctioned an average tariff increase of 22 percent in response to Tata Power’s request for a 12 percent hike in power tariff for the fiscal year 2024-2025. These adjusted tariffs will take effect from April 1.

Residential consumers consuming 0-100 units of electricity will see their fixed charges in their monthly electricity bills increase to Rs 90 from Rs 85. Additionally, the MERC has raised the energy charge to Rs 2.18 per kWh from Rs 2.

Wheeling charges for residential consumers have been elevated to Rs 3.15 per kWh from Rs 1.69 across all consumption slabs.

For those using 101-300 units and 301-500 units of electricity, the fixed charges in their monthly electricity bills will be increased to Rs 135 from Rs 125.

The energy charges for the 101-300 units category have been raised to Rs 5.36 per kWh from Rs 5.05, while for the 301-500 category, they have increased to Rs 11.62 per kWh from Rs 9.20.

Households consuming 501 units of electricity and above will now have to pay Rs 160 instead of Rs 155 as fixed charges in their monthly electricity bills. The MERC has also hiked the energy charge to Rs 12.56 per kWh from Rs 10.

According to a Tata Power spokesperson, the MERC has determined the revised tariff for the distribution company for FY 2024-25. This decision stems from the need to address past approved gaps up to FY 2023-24, which are to be recovered within FY 2024-25. The spokesperson clarified that this adjustment will remain within a range of +/- 20 percent of the average cost of supply.

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