Mumbai: Adani electricity proposes average power tariff of Rs 8.26 per unit for city consumers

Mumbai: Adani electricity proposes average power tariff of Rs 8.26 per unit for city consumers

Large benefits for high tension and low tension commercial users; marginal rise in tariff for residential users

Sanjay JogUpdated: Saturday, January 21, 2023, 07:21 PM IST
article-image
Mumbai: Adani electricity proposes average power tariff of Rs 8.26 per unit for city consumers | Representative pic

Mumbai: Nearly 30 lakh consumers of the Adani Electricity in Mumbai can expect a dip in per unit tariff for 2023-24 and 2024-25. According to the Adani Electricity’s (distribution business) revised annual revenue requirement and tariff filed at the Maharashtra Electricity Regulatory Commission, the average per unit tariff is proposed at Rs 8.26 for 2023-24 against Rs 8.37 in 2022-23, a decrease of 1.34% and Rs 7.75 in 2024-25, a decline of 5.42%.

This was because of the Adani Electricity’s (AE) move to increase the share of renewable energy in its power purchase as it is available at the competitive rates in the power market. 

Percentage increase for residential customers

Residential consumers will expect a marginal increase of 5% in tariff for 2023-24. For high tension industry, the per unit tariff will be reduced by 11%, 6% for high tension commercial, up to 4% for low tension industrial and 28% for low tension electric vehicle charging. 

As far as tariff proposed for 2024-25 is concerned, it will be reduced by 18% for high tension industry, 14% for high tension commercial, up to 13% for low tension commercial, up to 11% for low tension industrial, 35% for high tension electric vehicle charging and 28% for low tension electrical vehicle charging. However, the per unit tariff for residential consumers is proposed to increase marginally by 1%.

The company has argued that the competitive tariff proposals are despite the average retail inflation being seen at 4.7% for January-March 2023. 

According to AE’s proposal, it has already started receiving up to 30% of its supply from Hybrid Solar plus wind sources at a fixed tariff of Rs 3.24 per unit. In addition, it will commence the process to procure an additional 1,500 mw of power, of which a minimum 51% will come from renewable energy sources.

The company official said, ‘’Apart from reduced every Mumbaikar’s carbon footprint, renewable energy procurement will allow Adani Electricity to provide consumers tariff stability and long term viability on tariff allowing us to serve Mumbai with the most competitive tariffs.’’

RECENT STORIES

MahaRERA Is The Only Regulator In India To Recover Compensation Of ₹125 Crore In Just 14 Months

MahaRERA Is The Only Regulator In India To Recover Compensation Of ₹125 Crore In Just 14 Months

Mumbai: Massive Fire Breaks Out At Vardaman Garment Shop In Malad East; No Casualties

Mumbai: Massive Fire Breaks Out At Vardaman Garment Shop In Malad East; No Casualties

Mumbai Lok Sabha Elections 2024: Shinde Sena Leader Meets Govinda In Juhu Amid Speculations Of...

Mumbai Lok Sabha Elections 2024: Shinde Sena Leader Meets Govinda In Juhu Amid Speculations Of...

Lok Sabha Election 2024: Shiv Sena UBT Candidate Amol Kirtikar Seeks Exemption From ED Appearance

Lok Sabha Election 2024: Shiv Sena UBT Candidate Amol Kirtikar Seeks Exemption From ED Appearance

Mumbai: Date For Demolition Of Sion Road Over Bridge Postponed Again

Mumbai: Date For Demolition Of Sion Road Over Bridge Postponed Again