Mumbai – Maharashtra residents will benefit from lower electricity bills starting April 1, as the Maharashtra Electricity Regulatory Commission (MERC) has announced a tariff reduction of 10% to 30% across various consumer categories. The Maharashtra State Electricity Distribution Company Limited (MSEDCL), which currently has the highest electricity rates in the state, will implement the revised tariffs. The decision follows MERC’s review, which revealed a revenue surplus of ₹44,480 crore, allowing for lower tariffs over the next five years.
MERC has identified two major reasons for the rate cut:
High Distribution Losses: MSEDCL failed to meet its power loss reduction target, with losses remaining at 22% instead of the expected 14%.
Savings from Renewable Energy: Future investments in solar and renewable power projects are expected to lower overall electricity costs, allowing MERC to pass these benefits on to consumers.
Who Will Benefit?
Residential Consumers: Households will see a drop in electricity bills.
Industries: High-tension (HT) and low-tension (LT) industries will receive a 15% and 11% tariff reduction, respectively.
Legal Offices: Lawyers’ offices will now be charged public service rates instead of commercial rates.
Solar Panel Users: Homeowners with rooftop solar systems will be exempt from ‘Time of Day’ charges, encouraging green energy adoption.
To prevent industries from shifting to other states, the average electricity rate for industrial consumers will decrease from ₹10.85 per unit to ₹9.20 per unit. MSEDCL Managing Director Lokesh Chandra noted that as Maharashtra expands its solar energy capacity, power rates will continue to decline, reducing costs and easing the cross-subsidy burden on consumers.