Power tariffs set to ease over five years: CM

Chief Minister Devendra Fadnavis on Wednesday informed the Maharashtra Legislative Assembly that electricity tariffs in the state will gradually decline over the next five years as part of the government’s power sector reforms and long-term energy planning.

- Kalpesh Mhamunkar

Replying to the discussion on the state budget, Fadnavis noted that electricity bills for consumers in Maharashtra had previously been increasing by approximately 9% annually until 2025. However, the government has now fixed tariffs for the next five years in a manner that will reduce bills by about 1.32% annually until 2030.

The CM stated that this reduction was made possible by power purchase agreements signed with various electricity generation companies, allowing the state to procure cheaper electricity. As a result, the state is expected to save nearly Rs 66,000 crore in generation costs over the coming years.