There is a good news for Tata Power consumers. The power company will implement a new tariff structure approved by the Maharashtra Electricity Regulatory Commission (MERC). This move is set to make electricity more affordable and sustainable for its eight lakh residential, commercial, and industrial consumers.

Following MERC approval of its Multi-Year Tariff (MYT) proposal for Financial Year (FY) 2025-26 to FY 2029-30, Tata Power's tariff in the 0-100 kilowatt-hour (kWh) and 100-300 kWh categories continue to remain low in the suburban areas of Mumbai.
 
According to a press release, the average tariff of Tata Power has been reduced gradually from the existing Rs 9.17 per Kwh to Rs 6.63 per Kwh in FY 2029-30, signifying 28 per cent reduction in five years. According to the company, the average tariff of Tata Power is much lower than that of other distribution licensees in Maharashtra.