The Maharashtra Electricity Regulatory Commission (MERC) has reviewed its tariff order and allowed power factor incentive for industries. This has provided much-needed relief to them.
The commission has asked Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to refund excess charges collected from industries from September 1, 2018 — when the new tariff order came into force. However, MERC has imposed a condition on refund. They will get it only if they maintain power factor between 0.95 to 1 (lag or lead).
Addressing a press conference, Vishwas Pathak, director of MSEB Holding Company, said refund will be applicable only to those consumers who had maintained a healthy power factor from September 1. “We have granted time to industries to correct their power factor by March 31, 2019,” he added. Read More
Latest posts by ET Energy World (see all)
- OPINION: Welcome new R&D focus at Reliance - January 22, 2019
- Swiss firm Talesun forms JV to develop 4,000 Mw solar power projects in India - January 21, 2019
- Nayara Energy unveils $850 million expansion plan for Gujarat refinery - January 21, 2019