In a big relief to electricity consumers, power regulator UP Electricity Regulatory Commission (UPERC) has not hiked the power tariff for the current fiscal 2023-24.
The power regulator has not increased the power tariff for the fifth year in a row. The last revision in power tariff was done in 2018-19.
The development also assumes much significance in the run-up to the Lok Sabha polls due next year.
UP Power Corporation Limited (UPPCL) and its five wholly owned subsidiaries had sought a tariff hike of 18-23 per cent in their annual revenue requirement (ARR) petition filed before the power regulator in January this year.
