Power tariffs are likely to be marginally reduced as Uttar Pradesh Power Corporation Limited has filed a proposal before the power regulator for reducing the tariff from 18 paise to 69 paise per unit for different categories of power consumers.
The proposal is for the first quarter of the current fiscal 2023-24 (April-June) and was filed before the UP Electricity Regulatory Commission on Wednesday.
The tariff is likely to be reduced on account of reduction in fuel surcharge against the estimate filed along with the tariff proposal or annual revenue requirement (ARR) for 2023-24.
