Bengaluru, June 26 -- In a huge relief to electricity consumers, the Maharashtra Government has announced a multi-phased reduction in power tariffs, a historic first in Maharashtra. The tariffs will be reduced to 26% over 5 years, starting with the initial 10% reduction in FY 2026.

Chief Minister Devendra Fadnavis announced that the Maharashtra Electricity Regulatory Commission (MERC) has accepted MSEDCL's(Maharashtra's leading electricity distribution utility) proposal.

In a further note, it is said that the cut will be announced across all major categories; however, the first cut will be made for consumers with usage of less than 100 units. 70 percent of the consumers of Maharashtra use under 100 units, and this will largely benefit t...