The electricity regulatory authority of Mumbai has allowed three utilities Tata Power, Reliance Infrastructure and Mahavitaran to hike their tariff from this month.

Maharashtra Electricity Regulatory Commission (MERC) has approved an increase in tariff of 2.44 percent for Mahavitaran, whereas 5.2 percent and 3.92 percent for Reliance Infra and Tata Power (TPC), respectively. And the new rates will be applicable from June 1.

In its order, the Maharashtra Electricity Regulatory Commission said, “Mumbai is an island city faced with a unique situation where it has multiple distribution licensees, RInfra, Tata, and BEST in the same supply area. All three have different cost of supply, consumer mix and consumption mix wheeling charges. Hence, different tariffs for the same category of consumers depending on the licenses areas”.

Moreover, as per the new tariff structure the consumers that are below poverty line of Reliance Infra, TPC and Mahavitaran will have to pay per unit Rs 2.72, Rs 1.41 and 87 paise respectively.

Earn huge profits from free stock tips