Nearly 22.5 million consumers of the Maharashtra State Electricity Distribution Company (MahaVitaran) will get reprieve in their electricity tariff
with effective from June 1. The Maharashtra State Electricity Regulatory Commission (MERC) has approved a tariff cut of 5.75% against MahaVitaran’s proposal for 7.94% rise for 2015-16. The overall tariff reduction works out to 2.44%. The industry consumers, who were repeatedly complaining about higher tariff compare to the neighbouring states, including Karnataka, Andhra Pradesh, Telangana and Madhya Pradesh, have been provided much-needed relief to stay competitive.
In its order on MahaVitaran’s multi-year tariff proposal for the fiscal year 2015-16, MERC has approved a cumulative revenue surplus of Rs 3,376 crore for 2015-16 as compared to cumulative revenue gap of Rs 4,717 crore projected by the former. MERC has approved MahaVitaran’s average cost of supply (ACoS) to Rs 6.03 per unit for 2015-16 against Rs 6.87 per unit.
Taking serious note of the views expressed by industries that tariff for high tension (HT) and low tension (LT) consumers are higher compared to neighbouring states, MERC has brought down energy charges in a range of Rs 0.40 per unit to Rs 1.21 per unit (depending upon consumer sub-category), with a marginal increase in demand charges in the range of Rs 0.03 per unit to Rs 0.04 per unit