Tamil Nadu govt reduces peak hour electricity tariff by 10% for MSMEs

Chennai, Nov 10 (KNN) On Wednesday, the Tamil Nadu government announced that the peak hour power tariff would be reduced to 15 per cent from the earlier 25 per cent for MSMEs operating in the State.

The state government had earlier announced the revised electricity tariff which had come into force from September 10 and led the MSMEs to pay higher tariff during peak hour.

Various industry representatives and associations had requested 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 government said in a release.

Recently, several associations representing the MSME industry stressed the need to reduce the tariff charged for HT and LT consumers.

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