Power tariffs in Maharashtra may increase after the state Assembly elections this year. The Maharashtra Electricity Regulatory Commission (MERC) has permitted the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to recover regulated assets worth Rs 12,000 crores.
Towards this, the MSEDCL is set to submit a multi-year tariff (MYT) petition to the MERC in November. After the MERC’s approval, consumers’ electricity bills are likely to rise.
It is the norm for distribution companies to submit their annual revenue requirement in the form of a petition before the MERC.
Earlier, tariff plans for two years were submitted, which has now increased to five years. Read More