The Tamil Nadu government on Wednesday announced a reduction in the peak hour electricity charges for Micro, Small and Medium Enterprises (MSMEs) operating in the state to 15 per cent from 25 per cent.
The revised electricity tariff which had come into force from September 10 led the MSMEs to pay higher tariff during peak hour.
Various industry representatives and associations had requested the state government to reduce the peak hour charges. “Considering the important role of MSMEs in spurring economic growth and providing employment, the government accepted their request and decided to reduce the power charges during peak hour by 15 per cent from the earlier 25 per cent to low tension electricity connection (Low Tension III-B) consumers,” the government said in a release here.
