The Maharashtra Electricity Regulatory Commission (MERC) has approved a 10% electricity tariff increase for domestic consumers from 1 April, followed by an additional 17% hike from 1 April 2024. Four electricity distribution companies - Tata Power, Adani Electricity, Maharastra State Electricity Distribution, and Brihanmumbai Electricity Supply - will increase charges. Each company's tariff rates will increase by varying percentages between FY 2023-24 and 2024-25. Residential electricity rates will increase by up to 21% following the increases. Industrial electricity rates will increase by up to 17% in the same period.from Energy-Industry-Economic Times https://ift.tt/4q3XbHU
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