The decision stems from the need to address under-recovery issues resulting from staying on tariff determinations as outlined in the MTR Order for FY 2023-24. According to MERC, had there been no stay, the tariff for FY 2024-25 would have seen a decrease of 13% compared to the approved rates in the MTR Order.<\/p>\n\n\n\n
Tata Power’s Response and Consumer Impact<\/h4>\n\n\n\n A Tata Power spokesperson commented on MERC’s decision, stating that the revised tariff for FY 2024-25 aims to address past approved gaps up to FY 2023-24, to be recovered within the upcoming fiscal year while remaining within a range of +\/- 20% of the average cost of supply. Despite the hike, Tata Power assures that their Residential Tariff for the 0-100 category remains the lowest, with the 101-300 category only slightly higher than rates offered by other private players. Notably, Tata Power had sought a revision in the average price tariff to recover arrears amounting to \u20b9927 crore. The proposed increase would elevate prices for consumers using less than 100 units to \u20b94.96 per kWh, up from the previous rate of \u20b91.65. However, Tata Power also proposed a reduction for consumers using 500 units and above, with rates dropping to \u20b97.94 from the current \u20b98.35 per kWh.<\/p>\n","protected":false},"excerpt":{"rendered":"
Under-Recovery Necessitates Tariff Revision Come April, Tata Power consumers in Maharashtra will experience a surge in their electricity bills as the Maharashtra Electricity Regulatory Commission (MERC) greenlights an average tariff rise of approximately 24% for the fiscal year 2024-25, effective from April 1, 2024. The decision stems from the need to address under-recovery issues resulting […]<\/p>\n","protected":false},"author":30,"featured_media":1279875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4877,2161],"class_list":["post-1279868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-electricity-bills","tag-tata-power"],"acf":[],"yoast_head":"\n
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