MUMBAI: Tata Power consumers face an overall 6% hike, while MSEDCL users will bear an up to 11% hike over the next seven months. CERC allows Tata Power to raise tariff for power plants The order is similar to CERC's April 2 order allowing Adani Power to charge more for electricity from Gujarat and Haryana for the electricity it will supply from its 4,260 MW Mundra plant in Gujarat. Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs Pulling up the power producers Tata Power Ltd and Adani Power, the Supreme Court on Monday said that the firms cannot seek higher tariff on account of adverse impact of the unforeseen and unprecedented escalation in the imported fuel prices after bagging … Tata Power and Adani Power could get more generous regulatory relief for their Mundra power plants in terms of tariff increases as the Appellate Tribunal for Electricity … Shraddha Babla @ shraddha_babla. Tata and Adani were contesting for a change in rates under international regulations; thereby the judgment leaves very little room for relief for the two, said power sector experts. A Supreme Court order on Tuesday rejected the claims of Adani Power and Tata Power to recover compensatory tariffs for an increase in the cost of power … Adani Power was expecting a compensatory relief of Rs 3,000 crore and Tata Power close to Rs 2,700 crore, said IDFC in its post-judgment analysis. As for commercial establishments, business houses and malls, an 8% hike is proposed in the island city (BEST areas), a 4% drop for Tata Power and a steep 32% fall for Adani Electricity users. | Photo Credit: K_MURALI_KUMAR. For the quarter ended June 2020, ADANI POWER has posted a net profit of Rs 7 bn (down 75.1% YoY). The case relates to competitive bids made by Tata Power and Adani Power, where they were asked to quote a single levelised tariff for supplying a specific quantity of power to specific discoms. Reliance Energy is marginally cheaper in the band of over 500 units. Apr 11 2017, 7:32 PM Apr 11 2017, 7:32 PM … Your support for our journalism is invaluable. Tariff Type: Monthly Metered Units: Sanctioned Load: From (Utility) Tata Power: To (Utility) Adani Electricity: Enter Captcha: Sanctioned Load(kVA/kW) Recorded Demand * Consumption (kWh) Total: Time Of Day. However, we have a request for those who can afford to subscribe: please do. From April 1, BEST consumers need to pay ₹2.93 per unit for consumption up to 100 units, ₹5.18 per unit from 101 units to 300 units, ₹7.79 per unit from 301 units to 500 units, and ₹9.20 per unit for consumption beyond 501 units. Power bills for consumers in Maharashtra are likely to go up as the Maharashtra Electricity Regulatory Commission’s (MERC) hike for power distributors came into effect on April 1. In Mumbai, most of the consumers use power beyond 300 units. Tata Power, Adani Electricity hike tariff Piyush Pandey Mumbai, April 02, 2019 01:12 IST Updated: April 02, 2019 07:48 IST Piyush Pandey Mumbai, April 02, 2019 01:12 IST Bookmark. The relief has been granted to compensate for higher costs of imported Indonesian coal. ADANI POWER Announces Quarterly Results (1QFY21); Net Profit Down 75.1% (Quarterly Result Update) Aug 18, 2020 | Updated on Aug 18, 2020. 50,000 Crore as Allegations of Equipment Over-Invoicing Emerge. In Mumbai, Tata Power tariff rates are cheaper for consumption up to 300 units, and the AEML rates are cheaper for consumption beyond 301 units. Subscribe to The Hindu now and get unlimited access. In accordance with the directions of the Appellate Tribunal of Electricity (Aptel) and the SC, the Central Electricity Regulatory Commission (CERC) computed the relief for the two companies in a December 2016 order. This was part of the scheme of ultra mega power projects where the power ministry combined economies of scale (bid for 4,000 MW) with competitive bidding to extract the best bids. ALSO READ: What next for Adani Power, Tata Power after Supreme Court order on tariffs? Adani Power shares plunged 16% to Rs37.20, while those of Tata Power fell 1.95% to Rs85.40 on the BSE on Tuesday. Printable version | Jan 17, 2021 1:44:30 PM | https://www.thehindu.com/news/cities/mumbai/tata-power-adani-electricity-hike-tariff/article26706430.ece. The exceptional item is owing to litigation against Adani Electricity’s Mumbai operations, where the Supreme Court (SC) upheld an appellate order. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. In a move that could turn around the fortunes of two imported coal-based power plants in Gujarat, the Central Electricity Regulatory Commission (CERC) has allowed compensation of Rs 830 crore to Adani Power and Rs 329 crore to Tata Power from state-owned distribution companies in five states. Will the scales tilt in Tata Power’s favour after the apex court ruling? As for commercial establishments, business houses and malls, an 8% hike is proposed in the island city (BEST areas), a 4% drop for Tata Power and a steep 32% fall for Adani Electricity users. We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. Tata Power and Adani Electricity Mumbai Ltd (AEML) — which cater to Mumbai consumers only — increased the tariff by 2% and 1% respectively on April 1. 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