25% more tariff for Tata Power consumers
Maharashtra Electricity Regulatory Commission (MERC) has approved an average increase in tariff to Rs 5.26 from the existing Rs 4.19 for FY14 for around 3 lakh residential consumers, a 25% increase which will be effective from July 1 2013.
The commission has approved the multi-year tariff plan till 2016 of Tata Power and allowed an increase of 25% for FY14, 15% for FY15 and 11% for FY16 for residential consumers. For FY15, the average tariff for residential consumers has been increased to Rs6.07 while for FY16, the commission has approved an increase in tariff to Rs6.74. Tata Power had proposed an increase of Rs6.44 for 2014-15 and Rs7.02 for FY16. Tata Power has around 50 lakh commercial and industrial consumers, for whom the tariff hike would range from 22% to 39% in the current financial year, 9% to 13% in 2014-15, and 4% to 8% in 2015-16.
There are more hikes in store, for FY14, consumers in the below poverty line category will have to pay 10 paise per unit, while the tariff for 0-100 units has been fixed at 26 paise, 101-300 units at Rs 1.85 and for those consuming above 500 units, the tariff has been fixed at Rs 5.91. The wheeling charges for all the categories has been fixed at Rs 1.87 per unit.
For FY15, the tariff will be revised to 41 paise for those consuming below 100 units, Rs 2.05 for up to 300 units, Rs 5.23 up to 500 units and Rs 7.01 for those consuming above 500 units. The wheeling charges for all the consumer categories will be Rs 2.08 per unit. MERC has, for the year 2015-16, increased the tariff for BPL consumers to 47 paise.
For those consuming below 100 units will have to pay 81 paise per unit, while the tariff for up to 300 units has been revised to Rs 2.75, Rs 6.38 fro up to 500 units and Rs 8.46 for above 500 units. The wheeling charges for the year has been fixed at 1.81 per unit.