Home breadcru News breadcru Policy breadcru India's Tamil Nadu state cuts peak-hour power tariff for MSMEs to 15%

India's Tamil Nadu state cuts peak-hour power tariff for MSMEs to 15%

10 Nov '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

India’s Tamil Nadu government recently reduced the peak-hour electricity charges for micro, small and medium enterprises (MSMEs) in the state to 15 per cent from 25 per cent imposed since September 10 this year. Representatives from several industries and trade associations had petitioned the state government to reduce the peak-hour charges.

"Considering the important role of MSMEs in spurring economic growth and providing employment, the government accepted their request and decided to reduce the power charges during peak hour by 15 per cent from the earlier 25 per cent to low tension electricity connection (low tension III-B) consumers," the state government said in a release.

The state in July had announced a hike in the power tariff for consumers of state power utility Tamil Nadu Generation and Distribution Corporation (TANGEDCO).

ALCHEMPro News Desk (DS)

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