The Tamil Nadu government has announced that there will be no hike in domestic electricity tariff from July 1 this year, countering some media reports on the issue, as per the tariff revision announced by the Tamil Nadu Electricity Regulatory Commission (TNERC) on November 9, last year.
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In a press release, the government said there was meant to be an increase in tariff. TNERC had earlier announced a multi-year tariff hike for a period of five years from 2022-23 to 2026-27 with electricity charges to be hiked every year based on a year-on-year comparison of the consumer price index of April, the current year versus last year’s, or 6% of the tariff, whichever is lower.
Though as per the price comparison, 2.18% was to be hiked, the State government has decided to bear the burden of the 2.18% hike as a subsidy.
It has said except for commercial establishments whose tariff would increase between 11 paise and 21 paise, there would not be any tariff hike for domestic, hut, agricultural and handloom consumers.
