India, Nov. 27 -- LUCKNOW Power consumers in UP are likely to continue enjoying 'no tariff hike' for more years, if the state electricity regulator continues to apply the surplus-based logic it has followed for the past six years. This year marked the sixth consecutive zero-hike tariff order, with the UP Electricity Regulatory Commission (UPERC) again concluding that the discoms were sitting on a substantial revenue surplus, leaving no justification to raise tariffs.

The commission approved a consolidated annual revenue requirement (ARR) of Rs.1,10,993.33 crore for the current financial year 2025-26, against which revenue from existing tariffs and government subsidy is expected to be Rs.1,03,283.29 crore. This leaves a regulatory gap of ...