Power News We love to talk!
MUMBAI: A day after BEST increased electricity charges from April 1, RInfra on Friday announced a reduction of 19-29% in power tariff for its two million residential consumers (101-500 unit consumption) in the eastern and western suburbs. Apart from residential users, consumers across all categories will benefit from the slash in charges, which shows an average drop of 12% among all heads.
The reduction in charges was revealed in RInfra's detailed revised tariff chart meant for the next fiscal year. The new tariff will come into effect from April 1, meaning consumers will have to pay less from next month. The new rates for electricity was approved by Maharashtra Electricity Regulatory Commission, the state regulatory body.
Energy department sources pointed out that the tariff has dropped due to a lower electricity purchase cost following tie-ups with cheaper power sources and the advanced technology-based/low-cost distribution network and infrastructure.
- Brexit no bar for Indian company mulling London for green bonds Read more
- Oil pares losses as Opec says spending cut could boost price Read more
- Solar power presents huge refinancing opportunity: India Ratings Read more
- Draft Amendments in provisions relating to Captive Generating Plant: Read more
- Centre focussing on giving more energy to southern states: Minister Read more
- Upto 20 per cent hike in power tariff likely Read more
- India plans to expand renewable generation capacity more than three-fold to 175 gigawatts by 2022, with the majority from solar. Read more
- Abhijeet Group in $7-bn coal deal with US firm Read more
- Oil climbs above $110, Iran diplomacy in focus Read more
- Gamesa wins 100-MW wind power project from Hero Group Read more