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Key Points

Maharashtra CM Devendra Fadnavis announced a landmark 26% reduction in electricity tariffs over five years, starting with 10% in the first year. The move, approved by MERC, marks the first-ever tariff decrease in the state's history. Nearly 70% of consumers using under 100 units will see immediate relief. Fadnavis also highlighted progress on Vadhavan Port, set to become India's largest container hub.

Key Points: Maharashtra CM Fadnavis Announces 26% Power Tariff Cut Over 5 Years

  • 10% power tariff cut in first year
  • 26% reduction phased over 5 years
  • 70% consumers using <100 units to benefit most
  • MSEDCL proposal approved by MERC
2 min read

Power tariffs to be reduced by 26 pc over 5 years, 10 pc in first year: Maharashtra CM Fadnavis

Maharashtra electricity rates to drop 10% in first year, 26% over 5 years as CM Fadnavis hails historic tariff reduction approved by MERC.

"Good news on electricity tariffs! For the first time in the State’s history, electricity tariffs will be reduced – Devendra Fadnavis"

Mumbai, June 26

Maharashtra Chief Minister Devendra Fadnavis announced a significant reduction in electricity tariffs across the state.

According to a statement released by the Maharashtra Chief Minister's Office, electricity rates will be reduced by 10 per cent in the first year and there will be a 26 per cent reduction in phases over the next five years.

The proportion of people using less than 100 units of electricity in the state is 70 per cent. Work on Mukhyamantri Saur Krishi Vahini Yojana 2.0 has started on a war footing, CMO added.

Hailing the decision, CM Fadnavis said in a post on X, "Good news on electricity tariffs! For the first time in the State's history, electricity tariffs will be reduced, starting with a 10 per cent cut in the first year, and a total 26 per cent reduction in phases over the next 5 years. Thanks to the Maharashtra Electricity Regulatory Commission (MERC) for approving MSEDCL's proposal to reduce tariffs, a move never attempted before. Previously, petitions used to be filed for tariff hikes of around 10%, but this time, a petition was filed for a reduction -- benefitting domestic, industrial, and commercial consumers alike."

Chief Minister mentioned that nearly 70 per cent of consumers in the State use less than 100 units and they will benefit the most from the 10 per cent tariff cut.

Meanwhile, Maharashtra CM Fadnavis also mentioned the development of Vadhavan Port.

"We are building Vadhavan Port, which will be three times bigger than Jawaharlal Nehru Port Authority, the largest port of our country that handles 60 per cent of our container traffic. The Prime Minister laid the foundation of Vadhavan Port. Due to this, Maharashtra is emerging as a magnet for industry and logistics in the country," he said.

- ANI

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Reader Comments

R
Rajesh K.
Finally some relief for middle-class families! My monthly bill is around ₹800-900 for 2BHK in Pune. 10% cut means ₹80-90 savings immediately. Hope the promised 26% reduction actually materializes over 5 years 🤞
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Priya M.
Good initiative but I'm skeptical. MSEDCL has been increasing charges every year citing losses. How will they manage this reduction? Hope it's not just election gimmick before assembly polls. Will believe when I see reduced bill amount!
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Amit S.
As a small business owner in Nagpur, this is huge! Our monthly electricity bill is ₹15,000-20,000. 10% cut means ₹1,500-2,000 monthly savings. Will help offset other rising costs. Kudos to govt for thinking about industries too 👏
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Sunita T.
The solar farming scheme mentioned (Saur Krishi Vahini) is more important long-term. We need sustainable solutions, not just temporary price cuts. Maharashtra has so much sunlight - should become solar energy leader!
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Vikram J.
Hope this doesn't affect power quality. In my area (Thane), we already face 2-3 hour cuts daily. Rather than reduction, first provide 24x7 uninterrupted supply. What's use of cheaper electricity if not available when needed?
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Neha P.
Vadhavan Port + cheaper electricity = Maharashtra means business! As MBA student, I see this making state more attractive for manufacturing. Other states should learn from such pro-growth policies. #MakeInMaharashtra

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