MSEDCL proposes 15% hike in power tariff for residential consumers in Mumbai, Energy News, ET EnergyWorld

MUMBAI: The Maharashtra State Electricity Distribution Company Limited (MSEDCL) on Thursday issued public notice to propose a tariff hike of upto 15% for residential consumers from April.

It has also proposed further 15% hikes in tariff in 2024-25, and this could be a huge burden to over 2 crore residential consumers in parts of Mumbai, Thane, Navi Mumbai, Kalyan, Vasai-Virar and rest of Maharashtra.

The power discom has a total over 2.8 crore consumers including those from agriculture, industry and commercial establishments.

MSEDCL proposes to reduce its distribution losses, which were around 18% in 2019-20 to 14% by April. The reduction in losses is due to a major crackdown on power theft cases across the state in the past one year.

If one goes by the energy charges you pay for residential tariff, the proposed hike for 1-100 units consumption is from Rs 4.01 per unit to Rs 4.50 per unit in 2023-24, which is a 12% hike. For 101-300 units consumption, the increase is from Rs 8.79 per unit to Rs 10 per unit (14% hike) and for 301-500 units monthly consumption by user, it is proposed to rise from Rs 12.42 per unit to Rs 14.20 per unit (14%). For 500 + consumption consumers, the hike is proposed at 15% — from Rs 14.21 per unit to Rs 16.3 per unit, the petition stated.

Industry and commercial consumers could face a hike of 13% in tariff from April, as per the proposal before MERC.