Maharashtra’s tariff cuts: CM Fadnavis says domestic, industrial, commercial consumers will benefit – 10 users can get most users

Umaharashtra power generation tax cuts: Maharashtra Chief Minister Devendra Fadnavis announced on Wednesday that the state’s electricity tariffs were cut for the first time in history. The tariff cuts in the first year will be 10%, and a total of 26% in five years.

‘Good news for electricity tariffs’: Maharashtra CM announces cuts in electricity prices

“Good news about electricity bills!” CM wrote on Weibo site X (formerly Twitter).

He wrote: “Thanks to the Maharashtra Electric Power Regulatory Commission (MERC) for approving MSEDCL’s proposal to lower tariffs, a move that has never been tried.”

Previously, the petition had applied for about 10% of hiking in the past, CM said. However, this time, the petitions have decreased.

According to Fadnavis, the move will benefit domestic, industrial and commercial consumers.

70% of consumers benefit the most: Maharashtra CM

He also wrote that nearly 70% of the power consumed by the state (using less than 100 units) would benefit the most from the 10% reduction.

Working on Saur Krushi Vahini Yojana 2.0

CM confirmed that work in the second phase of the Mukhyamantri Saur Krushi Vahini program was “rapidly developed”.

The State-owned Program is a special initiative aimed at providing farmers with daylight solar energy.

“As we increasingly value renewable energy in our power purchase agreements, future procurement cost savings will help maintain affordable tariffs,” CM wrote.

Mukhyamantri Saur Krushi Vahini Yojana 2.0 (also known as MSKVY 2.0) is an upgraded version of the national government’s flagship solar energy program for agriculture.

The plan aims to achieve 30% of agricultural feeders by December. The plan is designed to ensure that farmers are provided with daytime power supplies, thereby reducing reliance on subsidized grids or diesel pumps.