Get ready to pay 4percent more for electricity
Be prepared to shell out 4% more in your monthly electricity bill. State discom Maharashtra State Electricity Distribution Company Limited (MSEDCL) has proposed a hike in the power tariff due to vast gap between revenue collected by the company and expenditure incurred by it.MSEDCL has filed a midterm review petition with the Maharashtra Electricity Regulatory Committee (MERC) for increasing the power rates. The hearing date is yet to be finalised.Two years back, MERC had fixed power tariff for every year according to which rates were supposed to increase by a specific percentage.However, the increase demanded by MSEDCL, as compared to the MERC approved tariff for 2018-19, is 4 % more for residential use and between 12-16 % more for commerc.....