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

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)

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).