Adani Electricity & Tata Power propose upto 29% Price Hike!

Get Ready to Pay More on your Electricity Bills coming Summer as Adani Electricity and Tata Power are set to Increase Tariff for Residential Consumers.

by FighterMan Updated: 27 Jan, 2023, 13:05 IST
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Adani Electricity and Tata Power have proposed Tariff hike to the Maharashtra Electricity Regulatory Commission (MERC). Both companies have asked to Raise Prices by April 2023.

Adani Electricity & Tata Power propose upto 29% Price Hike!

Adani has proposed a 1% electricity price hike for the next 2 financial years for its residential users. The reason being the rise in renewable energy on the generation side and coal prices. Adani said:

“Residential consumers to have a cumulative marginal 1 percent increase in tariff over both FY 23-24 and FY 24-25 as compared to tariffs incurred currently”

The company is also planning to Increase the Fixed Charge by 25-29% for those residential users who consume 300 units/month or more. However, industrial and commercial users have some good news as their price may decrease by 11-18%.

Coming to Tata Power, they want a Price Hike of 71-75 paisa/unit for users consuming upto 300 units/month. On the other hand, those who consume more than 300 units will get a price drop of 5 paisa/unit. Also, industrial and commercial users will get a price drop of around 15%.

tata power vs adani electricity

Talking about future plans, Adani Electricity has a ₹5700 Crore 5 year project. This project is intended to increase power distribution, and in-turn have a presence in Navi Mumbai (AENM), Kharghar, Panvel, Thane, and other regions of Maharashtra.


Both these companies have peers in Maharashtra Electricity Distribution Company (MSEDCL) and BEST Mumbai, so let’s see their response to these tariff hike proposals.

Which Electricity Provider serves you? Are you satisfied with their Pricing? Do you think they will also Increase Tariffs? Waiting for your valuable feedback.

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Entertainer Entertainer
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And analysts said just compare first 5 years spends over their petrol peers and electric scooters will run free of cost on road 😂 Chala lo free ab 😂

Blogger Blogger
Author
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In case of electric vehicles, Adani has proposed a 52% Drop in energy charges whereas Tata Power will Hike by 12%.


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Deal Subedar Deal Subedar
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Coming to Tata Power, they want a Price Hike of 71-75 paisa/unit for users consuming upto 300 units/month. On the other hand, those who consume more than 300 units will get a price drop of 5 paisa/unit. Aisa chalayega free. Consume more and pay less.
Helpful Helpful
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Acchedin aane waale hain 😚

Entertainer Entertainer
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We are already in ache din era, aankhe khola, acha dekho acha dikhega.
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Flame Flame
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Abhi tak nahi aaye ache did, to ab kya aayengey
Helpful Helpful
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Shanti rako, wait Karo, agle term me jeetao.

Generous Generous
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This is nothing. Bescom has increased more every year.

Deal Cadet Deal Cadet
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What one Adani power technician told me last week is they are gonna move to a prepaid recharge model this year in Mumbai atleast - so if you don't have enough funds in balance your power automatically shuts off!
Benevolent Benevolent
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Tata already moved to this 

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Deal Captain Deal Captain
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Post Title says upto 29 % price hike . Its a kind of kya bolte hai usko .. creating sensational news
Deal Cadet Deal Cadet
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This is nothing. A so called power surplus state like TN, all prices are hiked. Some Model this is
Deal Cadet Deal Cadet
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My last 1 year power bill - Delhi, Dwarka resident  .... this includes AC use during summer smile

Blaze Blaze
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your meter is not working properly, no way this is possible with AC
Helpful Helpful
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price drop for industries but hike for residential nice

Deal Subedar Deal Subedar
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Adani group in a statement says wont make changes to schedule or price of the FPO.

Why would someone apply in the FPO when the open market offers a way better price. 🤔

FPO price band: 3112-3276
LTP: ₹2769
Source : TwitterScreenshot2023-01-28-21-08-04-473-editcom.twitter.android
Deal Subedar Deal Subedar
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Adani FPO Fully subscribed at offer price even though market price is lower... Guess Hindenburg was right. Shell companies at work ????

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Deal Subedar Deal Subedar
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Very good explanation, concise & clear...
Helpful Helpful
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Pehle subsidy denge aur phir utna hi daam badha denge ...
Finance Ninja Finance Ninja
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Better to install Solar panel on our roof top. 

1 time investment for next 25 years.

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