Punjab slashes power tariffs; state exchequer biggest beneficiary

Ahead of the 2027 Punjab assembly elections, the Punjab State Electricity Regulatory Commission (PSERC) has reduced electricity tariffs across all consumer categories for the 2026-27 fiscal.

However, the move is expected to benefit the cash-strapped state government more than the common consumer, as it will significantly lower the massive subsidy burden the state pays for free and subsidised power.