Maharashtra Chief Minister Devendra Fadnavis today announced a historic 26% tariff cut in power rates over the next five years—beginning with a 10% reduction in the first year—after the Maharashtra Electricity Regulatory Commission approved MSEDCL’s petition . The reduction spans domestic, industrial, and commercial consumers, with nearly 70% of users (consuming under 100 units/month) enjoying the full 10% first-year cut . MSEDCL’s CMD Lokesh Chandra confirmed the move stems from an anticipated ₹66,000 crore saving in power-purchase costs—thanks largely to investments in solar and renewable energy projects—savings which will be passed directly to consumers . Fadnavis emphasized the reduction will lower operating costs for industries, boost economic activity, and make electricity more affordable for households.

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