India, March 28 -- Residential consumers of the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) will have to pay less tariff from April 1 compared to current rates, according to a revised order passed by the Maharashtra Electricity Regulatory Commission (MERC). Tariffs will go down from next month by 49-91 paise per unit depending on the consumption slab, while further reductions will take effect every year on April 1 till 2030, offering much-needed relief to domestic power consumers.

"This new tariff order will encourage economic development in Maharashtra," said Vishwas Pathak from MSEB Holding Company Ltd. While all residential consumers would benefit from the tariff revision over the next five years, those consuming u...