In a much-needed but delayed relief to industrial establishments in the state, the Maharashtra Electricity Regulatory Commission (MERC) on Wednesday approved a discounted rate for power consumption between 10pm and 6am for the next three months.
A discount of Rs2.50/unit will now be offered to small, medium and large industries, which currently pay between Rs6.36 and Rs7.01/unit. This reduction is likely to be applicable after April as well, sources said.
However, state power utility Mahavitaran was dissatisfied with MERC’s lethargy in approving the order. The company said that it had asked for the Rs2.50/unit in August, but the commission had only approved a concession of Re 1/unit.
“We don’t understand why the commission delays such verdicts, even when we were ready to offer heavy discounts,” a top Mahavitaran official told HT.
The order is expected to benefit industry, which is already reeling under the recent power tariff hike. Industry constitutes 1.6% of Mahavitaran’s total consumer base of 1.90 crore, but accounts for 52% of the company’s revenue.
“Mahavitaran usually has surplus power at night, which if sold in the open market would not fetch more than Rs 2/unit. The company can still earn a profit, albeit less, by selling the surplus power to industry” said Pratap Hogade, convener of co-ordination committee of all industrial consumers.