Come April, Tata Power consumers will have to pay more for electricity.
On Thursday, the Maharashtra Electricity Regulatory Commission approved an average tariff rise of about 24% for Tata Power for the fiscal year 2024-25, effective from 1 April, 2024.
In its order, MERC said that the present tariff hike is necessitated mainly because there was under-recovery due to staying on tariff as determined in the MTR Order for FY 2023-24. “Had there been no stay, tariff for FY 2024-25 would have resulted in tariff decrease of 13% than approved by the Commission in MTR Order for FY 2024-25.”
