State power distributor plans 5.5% rate increase

Maharashtra State Electricity Distribution Co Ltd (MSEDCL), which supplies electricity to parts of the eastern suburbs of Mumbai, Thane, Navi Mumbai and the rest of the state, has proposed a hike in power tariff by 5.5% for residential and industrial consumers.

The state-run power utility firm has proposed a low hike for the industry to woo it under the Make in Maharashtra initiative and prevent migration to other states. A power expert said, “Had it been more than 10%, it would have been a tariff shock.”

An MSEDCL petition for a hike for the 2016-17, 2017-18, 2018-19 and 2019-20 fiscal years has been admitted by the Maharashtra Electricity Regulatory Commission (MERC) and will come up for public hearing at six locations across Maharashtra in July. One hearing is at 10 am on July 28 at Agri Koli Sanskriti Bhavan, Palm Beach Road, Sector 24 in Nerul. Read More…