Adani Electricity Mumbai proposes marginal hike in residential power tariffs in next 2 fiscals

Adani Electricity Mumbai (AEML) on Saturday proposed an increase in power tariffs for residential consumers by 1 per cent for the next two financial years on account of a rise in renewable sources on the generation side.

In the case of industrial and commercial consumers, the company has proposed to reduce tariffs by 11-18 per cent in FY24 and FY25, as per advertisements in local dailies on Saturday.

“Residential consumers to have a cumulative marginal 1 per cent increase in tariff over both FY 23-24 and FY 24-25 as compared to tariffs incurred currently,” the company said.

At a time when electric vehicle adoption is growing, the company has proposed power tariffs to be 28 per cent cheaper than the present ones.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)