TN govt reduces peak hour power tariff for MSME
In a relief to the medium and small-scale industries, the state government has announced a reduction of time of day (ToD) charges for Low Tension Industries (III-B) during peak hours from 25 per cent to 15 per cent.
According to the Government Order of the Micro, Small and Medium Enterprises Department, there were requests from various MSME associations stating that the revised tariff is high for the industries to pay the electricity charges and requested to reduce the ToD charges.
The order said that the energy department is directed to issue a necessary policy directive to the TNERC under section 108 of the Electricity Act, 2003 to provide a subsidy to Tangedco to compensate for the reduced ToD charges for LT Industries (III-B) during peak hours from 25 per cent to 15 per cent.
In the latest tariff order, TNERC has introduced the ToD charges for the LT and LTCT consumers who had to pay 25 per cent additional charges for energy consumption during the peak hours of 6 am to 10 am and 6 pm to 10 pm.