Adani Electricity & Tata Power propose upto 29% Price Hike!
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 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%.
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.
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 😂
saucap wrote:In case of electric vehicles, Adani has proposed a 52% Drop in energy charges whereas Tata Power will Hike by 12%.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 😂
Acchedin aane waale hain 😚
This is nothing. Bescom has increased more every year.
papa_kancha wrote:We are already in ache din era, aankhe khola, acha dekho acha dikhega.Acchedin aane waale hain 😚
saucap wrote: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 😂
saucap wrote: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 😂
Marketing gimmicks, they never tell about battery replacement cost.
If you remember people have witnessed the mobile phone in early years, when all battery used buldge or go bad had to pay 10-20% cost of the phones.
Sometimes if it's china phone, it was better to buy new as battery cost same😂.
BruceWayne21 wrote:
Abhi tak nahi aaye ache did, to ab kya aayengey
Shanti rako, wait Karo, agle term me jeetao.
papa_kancha wrote:Tum kuch lete kyu nahi .Acchedin aane waale hain 😚
deepakvalecha395 wrote:
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!
Tata already moved to this
deepakvalecha395 wrote:
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!
Time to move on to solar panels and candles and firewood during monsoon season.
P.S. I really don't trust both the companies, they are here to gain max profit so price hiking will definitely be more. Such things should be under govt as seen in even many developed countries.
Also Indian gov is not penniless unlike its neighbours - Pakistan and Sri Lanka, they is no reason to sell it off.
My last 1 year power bill - Delhi, Dwarka resident .... this includes AC use during summer 
price drop for industries but hike for residential nice
Birla.Veena wrote:
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 : Twitter
Adani FPO Fully subscribed at offer price even though market price is lower... Guess Hindenburg was right. Shell companies at work ????
Birla.Veena wrote:Retail investors took advantage of a massive discount of Rs. 64 per share in this FPO....
Better to install Solar panel on our roof top.
1 time investment for next 25 years.
HailStonE wrote:India officially allows investment though shell companies through the mauritius route via PE notes, thanks to our ex FM, Chiddu. UPA legacy, markets will crash into a freefall if you close this loophole.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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Marketing gimmicks, they never tell about battery replacement cost.
If you remember people have witnessed the mobile phone in early years, when all battery used buldge or go bad had to pay 10-20% cost of the phones.
Sometimes if it's china phone, it was better to buy new as battery cost same😂.