Goa, Oct. 24 -- The Joint Electric ity Regulatory Commission (JERC) for the State of Goa and Union Territories has approved the new five-year electricity tariff structure, sanctioning an average tar iff hike of 4% per year. The order also in cludes the true-up for FY 2023-24, the Annual Per formance Review for FY 2024-25, and the Aggre gate Revenue Requirement (ARR) and Retail Tariff Determination for the Mul ti-Year Tariff (MYT) control period from FY 2025-26 to FY 2029-30. Issued in line with the JERC MYT Regulations, 2024, the revised tariff plan seeks to gradually reduce the Electricity Department of Goa's (ED-Goa) reliance on budgetary support from the state government. In keeping with the Re tail Supply Tariff Guide lines, 2024, the...