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Electricity prices to shoot up by 5-10% in Mumbai from today. Check details

Apr 01, 2023 02:11 PM IST

All major power suppliers in Mumbai have hiked their electricity prices from April 1.

Prices of electricity are set to increase by 5-10 per cent for Mumbai from Saturday, according to Maharashtra Electricity Regulatory Commission (MERC), reported Live Mint.

For the users of Adani Electricity, the hike will be 5% and 2% for 2023-24 and 2024-25 respectively. (HT Photo)
For the users of Adani Electricity, the hike will be 5% and 2% for 2023-24 and 2024-25 respectively. (HT Photo)

Also Read| Commercial LPG cylinder price slashed; check city-wise rates

The report added that Maharashtra State Electricity Distribution Company Limited (MSEDCL) users, who are already paying the highest tariffs, can expect a 6 per cent hike in both 2023-24 and 2024-25. People using the Brihanmumbai Electric Supply and Transport (BEST), which offers among the cheapest rates, will see tariffs rise by 6.19 per cent in 2023-24 and 6.7 per cent in 2024-25.

For the users of Adani Electricity, the hike will be 5 per cent and 2 per cent for 2023-24 and 2024-25, respectively.

Tata Power, which offers the cheapest tariff for 0-100 unit users, will raise the prices by 10 per cent in 2023-24 and 21 per cent in 2024-25. The Maharashtra Electricity Regulatory Commission (MERC) has raitionalised the tariff for electric vehicle charging to 7.25 per unit for power utilities.

Meanwhile, the Himachal Pradesh Electricity Regulatory Commission (HPERC) also took a similar decision on Friday as it increased the electricity tariffs for all consumers by 22 paise per unit for the financial year 2023-24. The new tariff will be applicable from April. The overall electricity tariff increase in terms of the percentage is less than 4 per cent only for FY 2023-24.

The Bihar state government on the other hand announced on Friday that there will be no hike in electricity rates effective from April 1 and that it would provide a subsidy amount totalling 13,114 crore to cover up the hike in power tariff recommended recently by the Bihar Electricity Regulatory Commission( BERC).

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