Tata Power, Adani raise electricity tariff for customers in Mumbai
Tata Power and Adani Electricity have raised the electricity charges for Mumbai customers following a rise in raw material prices.
In a statement, the Maharashtra Electricity Regulatory Commission said it has approved an average tariff increase of around 11.9 per cent in FY 2023-24 for Tata Power consumers,12.2 per cent in FY 2024-25, and for Adani customers, the commission approved a lower average tariff increase of around 2.2 per cent in FY 2023-24 and 2.1 per cent in FY 2024-25.
The commission cited an increase in fuel cost, power purchase cost and shortfall in revenue due to the impact of Covid-19, and an increase in transmission system costs and transmission charges for allowing the tariff rise.
