Tata Power has proposed an electricity tariff hike of 58-121% for low-end residential consumers and 2-9% for high-end ones in Mumbai. The final decision on the tariff hikes will be determined by the Maharashtra Electricity Regulatory Commission.
In a bolt from the blue ahead of the elections, Tata Power Co. Ltd. has proposed a huge increase in the power rates for Mumbaikars, particularly the lower-end users as part of a tariff rationalisation initiative.The average hike proposed is 12 .
Petitioner has claimed that the appointment, determined to be erroneous by MERC’s internal panel and also questioned by the state’s Auditor General, deprived
Mumbai Pre-Polls 'Shock' - Tata Power Proposes 201% Tariff Hike For Low-End Users menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Tata Power proposes a "rationalization" of tariffs, which could lead to a sharp increase in power rates for lower-end consumers. The utility plans to raise the rate per unit from Rs 3.74 to Rs 7.37 for consumers using up to 100 units per month, and from Rs 5.89 to Rs 9.31 for those using between 101-300 units. The increase is justified as the earlier tariff structure was stayed and a rationalization is needed to address the subsidy imbalance between high-end and low-end consumers. Stakeholders have 15 days to provide feedback on the proposal.