India, March 6 -- Ahead of the 2027 Punjab assembly elections, the Punjab State Electricity Regulatory Commission (PSERC) has reduced electricity tariffs across all consumer categories for the 2026-27 fiscal.

However, the move is expected to benefit the cash-strapped state government more than the common consumer, as it will significantly lower the massive subsidy burden the state pays for free and subsidised power.

The regulator stated that the downward revision would provide an overall relief of Rs.7,851.91 crore while maintaining the financial viability of the Punjab State Power Corporation Limited (PSPCL). This surplus was primarily achieved after PSPCL, in an unprecedented move, submitted a revised petition reducing its projected p...