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MERC Maharashtra State Electricity Distribution Co. Ltd. Multi-Year Tariff (MYT) Order for FY2025-26 to FY2029-30 (Case No. 217 of 2024)

MERC order dated 28 March 2025 in Case 217 of 2024: a 790-page multi-year tariff (myt) order for Maharashtra State Electricity Distribution Co. Ltd., covering FY2025-26 to FY2029-30. Full section index with printed page numbers, key facts, and a link to the official order.

Key facts

Issuing authority
Maharashtra Electricity Regulatory Commission (MERC)
Case number
217 of 2024
Order date
28 March 2025
Petitioner
Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL)
Entity
Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL)
Order type
Multi-Year Tariff (MYT) Order
Control period
CP-5 (FY2025-26 to FY2029-30)
Tariff regime
Section 62, Electricity Act 2003
Act sections cited
s.61, s.62
Licensee segment
distribution
Asset segment
distribution
State
Maharashtra
Length
790 pages

About this order

A Multi-Year Tariff (MYT) order determines a regulated entity’s Aggregate Revenue Requirement and tariffs for a full control period — typically five financial years — under Sections 61 and 62 of the Electricity Act, 2003. It usually combines a true-up of past years, a provisional true-up of the most recent year, and projections for each year of the new control period.

This order was issued by the Maharashtra Electricity Regulatory Commission, the electricity regulator for Maharashtra. It relates to the 5th control period, FY2025-26 to FY2029-30. The section index below is extracted from the order’s own structure; page numbers refer to the printed page in the official PDF.

Section index

  1. 1. Introduction3 sections · p. 39
    1. 1.1. Backgroundp. 39
    2. 1.2. Admission of the Petition and Regulatory Processp. 40
    3. 1.3. Organisation of the Orderp. 40
  2. 2. Suggestions / Objections, MSEDCL’s Response and Commission’s Rulings39 sections · p. 40
    1. 2.1. Backgroundp. 43
    2. 2.2. Agricultural Consumption, Tariff for Agriculture and Distribution Lossp. 45
    3. 2.3. Time of Day (ToD) Tariffp. 51
    4. 2.4. Reverse Telescopic Tariffp. 60
    5. 2.5. Grid Support Charges (GSC)p. 63
    6. 2.6. Power Procurement Plan and Costsp. 67
    7. 2.7. kVAh Billingp. 70
    8. 2.8. Wheeling Chargesp. 71
    9. 2.9. Issues related to Open Accessp. 75
    10. 2.10. Tariff Revisionp. 81
    11. 2.11. Applicability of Bulk Consumption Rebatep. 84
    12. 2.12. Tariff Re-Categorisation (Hotels, Power looms, milk processing farmers, Tissue Culture, Khawa Industry etc)p. 85
    13. 2.13. Separation of AG and Non-AG companyp. 90
    14. 2.14. Prepaid and Smart Metersp. 91
    15. 2.15. Green Tariffp. 95
    16. 2.16. Not issuing Energy Bills to AG consumers:p. 96
    17. 2.17. Commercial tariff on Advocate Officep. 97
    18. 2.18. RPO Compliancep. 98
    19. 2.19. Financial Mismanagementp. 100
    20. 2.20. Increase in Fixed Chargesp. 105
    21. 2.21. Increase in Energy Chargesp. 107
    22. 2.22. FAC (Fuel Adjustment Charges)p. 110
    23. 2.23. Separate Construction Meterp. 112
    24. 2.24. Demand Side Management (DSM) Programp. 113
    25. 2.25. Wire and Retail Businessp. 115
    26. 2.26. Virtual Net Meteringp. 115
    27. 2.27. Installation of Battery Energy Storage Systems (BESS) by Industriesp. 116
    28. 2.28. Capital Expenditurep. 119
    29. 2.29. Working Capitalp. 119
    30. 2.30. Operation & Maintenance Expenses (O&M)p. 120
    31. 2.31. Tariff for Co-operative Water Users Associations having HT connectionsp. 122
    32. 2.32. Standby Chargesp. 124
    33. 2.33. Tariff for EV Chargingp. 126
    34. 2.34. Resource Adequacy Planningp. 127
    35. 2.35. Improvement in Consumer Servicesp. 129
    36. 2.36. Accounting of MSEDCL's Own Consumptionp. 130
    37. 2.37. Functioning of Forums:p. 130
    38. 2.38. Compulsion to opt for Solar Pump connections:p. 133
    39. 2.39. Schedule of Charges:p. 133
  3. 3. True-up of FY 2022-23 and FY 2023-2427 sections · p. 133
    1. 3.1. Backgroundp. 134
    2. 3.2. Category Wise Sales for FY 2022-23 and FY 2023-24p. 136
    3. 3.3. Distribution Losses for FY 2022-23 and FY 2023-24p. 150
    4. 3.4. Energy Balance for FY 2022-23 & FY 2023-24p. 154
    5. 3.5. Power Purchase Expenses for FY 2022-23 and FY 2023-24p. 161
    6. 3.6. Transmission Constraints Leading to Increase in the Power Purchase Costp. 178
    7. 3.7. RPO Compliance for FY 2022-23 and FY 2023-24p. 179
    8. 3.8. InSTS Charge and MSLDC Charge for FY 2022-23 and FY 2023-24p. 186
    9. 3.9. O&M Expenses for FY 2022-23 and FY 2023-24p. 188
    10. 3.10. Opex Schemes expenses for FY 2022-23 and FY 2023-24p. 202
    11. 3.11. Capitalisation for FY 2022-23 and FY 2023-24p. 206
    12. 3.12. Depreciation for FY 2022-23 and FY 2023-24p. 213
    13. 3.13. Funding Arrangement for FY 2022-23 and FY 2023-24p. 215
    14. 3.14. Interest Expenses for FY 2022-23 and FY 2023-24p. 217
    15. 3.15. Interest on Working Capital and Interest on Security Deposit for FY 2022-23 and FY 2023-24p. 220
    16. 3.16. Other Finance Charges for FY 2022-23 and FY 2023-24p. 226
    17. 3.17. Provision for Bad and Doubtful Debts for FY 2022-23 and FY 2023-24p. 227
    18. 3.18. Other Expenses for FY 2022-23 and FY 2023-24p. 230
    19. 3.19. Contribution to Contingency Reserves for FY 2022-23 and FY 2023-24p. 234
    20. 3.20. Income Tax for FY 2022-23 and FY 2023-24p. 234
    21. 3.21. Incentives and Discounts for FY 2022-23 and FY 2023-24p. 236
    22. 3.22. RLC Refund for FY 2022-23 and FY 2023-24p. 237
    23. 3.23. Additional Surcharge (ASC) Refundp. 237
    24. 3.24. Return on Equity for FY 2022-23 and FY 2023-24p. 239
    25. 3.25. Sharing of Efficiency Gains and Losses for FY 2022-23 and FY 2023-24p. 244
    26. 3.26. Impact of payment to MPECS for FY 2022-23 and FY 2023-24p. 252
    27. 3.27. Incremental Consumption and Bulk Consumption Rebate for FY 2022-23 and FY 2023-24p. 253
  4. 4. Provisional True-up for FY 2024-2528 sections · p. 253
    1. 4.1. Category Wise Sales for FY 2024-25p. 266
    2. 4.2. Distribution Losses for FY 2024-25p. 268
    3. 4.3. Energy Balance for FY 2024-25p. 269
    4. 4.4. Power Purchase Expenses for FY 2024-25p. 274
    5. 4.5. Transmission Charges for FY 2024-25p. 281
    6. 4.6. O&M Expenses for FY 2024-25p. 282
    7. 4.7. Opex Schemes for FY 2024-25p. 284
    8. 4.8. Capitalisation for FY 2024-25p. 287
    9. 4.9. Depreciation for FY 2024-25p. 292
    10. 4.10. Funding Pattern for FY 2024-25p. 292
    11. 4.11. Interest Expenses for FY 2024-25p. 294
    12. 4.12. Interest on Working capital and Interest on SD for FY 2024-25p. 297
    13. 4.13. Other Finance Charges for FY 2024-25p. 301
    14. 4.14. Provision for Bad and Doubtful Debts for FY 2024-25p. 302
    15. 4.15. Other Expenses for FY 2024-25p. 304
    16. 4.16. Contribution to Contingency Reserves for FY 2024-25p. 306
    17. 4.17. Income Tax for FY 2024-25p. 306
    18. 4.18. Incentives and Discounts for FY 2024-25p. 308
    19. 4.19. Return on Equity for FY 2024-25p. 310
    20. 4.20. Revenue Gap Recovery Allowed for FY 2024-25p. 311
    21. 4.21. Impact of payment to MPECS for FY 2024-25p. 311
    22. 4.22. Incremental Consumption and Bulk Consumption Rebate for FY 2024-25p. 313
    23. 4.23. RLC Refund for FY 2024-25p. 314
    24. 4.24. Additional Surcharge (ASC) refund for FY 2024-25p. 315
    25. 4.25. Revenue from sale of electricity for FY 2024-25p. 316
    26. 4.26. Non-Tariff Income for FY 2024-25p. 318
    27. 4.27. Income from Open Access Charges for FY 2024-25p. 318
    28. 4.28. Income from Trading of Surplus Power for FY- 2024-25p. 319
  5. 5. Projection of ARR for 5th Control Period from FY 2025-26 to FY 2029-3031 sections · p. 319
    1. 5.1. Approach for Sales Projection for Control Periodp. 326
    2. 5.2. Resource Adequacy and Power Procurement Planningp. 348
    3. 5.3. Scrutiny of the RA Planning as per the provisions of the MERC RA Regulations, 2024p. 350
    4. 5.4. Generation Resource Planningp. 357
    5. 5.5. Power Procurement Planningp. 369
    6. 5.6. Distribution Loss trajectory for Control Periodp. 374
    7. 5.7. AT &C Loss Trajectory for Control Periodp. 375
    8. 5.8. Energy Balance for Control Periodp. 377
    9. 5.9. Assumptions for projecting power purchase for the 5th Control Periodp. 384
    10. 5.10. Intra-state Transmission Charges for the 5th Control Periodp. 411
    11. 5.11. O&M Expenses for FY 2025-26 to FY 2029-30p. 412
    12. 5.12. OPEX for FY 2025-26 to FY 2029-30p. 416
    13. 5.13. Capex and Capitalisation for FY 2025-26 to FY 2029-30p. 421
    14. 5.14. Funding Pattern of the Capitalisation for FY 2025-26 to FY 2029-30p. 426
    15. 5.15. Depreciation for 5th Control Periodp. 427
    16. 5.16. Interest on Long Term Loanp. 429
    17. 5.17. Interest on Working Capitalp. 432
    18. 5.18. Other Finance Chargesp. 432
    19. 5.19. Provision for Bad Debtsp. 437
    20. 5.20. Other Expensesp. 440
    21. 5.21. Contribution to Contingency Reservesp. 441
    22. 5.22. Incentives and Discountsp. 444
    23. 5.23. Additional Surcharge Refundp. 444
    24. 5.24. Incremental and Bulk Consumption Rebatep. 445
    25. 5.25. Income Taxp. 445
    26. 5.26. Return on Equityp. 447
    27. 5.27. Implementation of Demand Side Management Programp. 452
    28. 5.28. Revenue from sale of electricityp. 456
    29. 5.29. Non-Tariff Incomep. 457
    30. 5.30. Income from Open Access Chargesp. 458
    31. 5.31. Income from Additional Surchargep. 460
  6. 6. Additional claims and revenue gap6 sections · p. 460
    1. 6.1. Impact of Review Orderp. 467
    2. 6.2. Carrying Cost in previous Gap and other Claimsp. 470
    3. 6.3. Carrying/ (Holding) Cost on unrecovered revenue gap for 5th Control Periodp. 472
    4. 6.4. Impact of AFC for Ghatghar for Past Periodp. 474
    5. 6.5. Impact of Revenue Gap of MSPGCL Tariff Orderp. 474
    6. 6.6. Net Recovery from Tariffp. 475
  7. 7. Tariff Philosophy, tariff design and category-wise tariff's from FY 2025-26 to FY 2029-3037 sections · p. 475
    1. 7.1. Overall Approach for Tariff Designp. 476
    2. 7.2. Applicability of Tariffsp. 476
    3. 7.3. Average Cost of Supplyp. 485
    4. 7.4. Balancing of ABR and ACoS for Revenue Recovery over the Control Periodp. 486
    5. 7.5. Premise for Determination of Tariffp. 486
    6. 7.6. Segregation of ARR & Determination of AG ACoS & Non-AG Supply ACoSp. 488
    7. 7.7. Key Consideration for Tariff Designp. 518
    8. 7.8. Proposed Tarif and Rationale of Tariff Hike as submitted by MSEDCLp. 521
    9. 7.9. Proposed Recovery from Tariff (ABR) as approved by Commissionp. 532
    10. 7.10. Tariff Philosophy proposed by MSEDCL and Commission’s Rulingsp. 542
    11. 7.11. Full Cost Recoveryp. 543
    12. 7.12. Rationalization of Fixed Costp. 545
    13. 7.13. Time of Day Tariffp. 546
    14. 7.14. Grid Support Chargesp. 575
    15. 7.15. Change in application of telescopic tariff for Domestic consumers with RTSp. 580
    16. 7.16. kVAh based billingp. 583
    17. 7.17. Standby Charges for SEZs and Deemed Licenseesp. 585
    18. 7.18. Green Tariffp. 587
    19. 7.19. Rebate for Incremental Consumptionp. 590
    20. 7.20. Bulk Consumption Rebatep. 595
    21. 7.21. Discount in Demand Charges for Single Shift operation of HT-Industryp. 595
    22. 7.22. Miscellaneous and General Charges, Rebates and Penaltiesp. 597
    23. 7.23. Rebates for consumers who avail their complete requirement from MSEDCLp. 598
    24. 7.24. Compensation wheeling charges due to non-establishment of EHV network by MSETCLp. 600
    25. 7.25. Reactive Charge from RE generators and Open Access Consumersp. 601
    26. 7.26. Multiple Sources of Supplyp. 604
    27. 7.27. Tariff for LT and HT– Electric Vehicle (EV) Charging Stationsp. 605
    28. 7.28. Billing Demandp. 606
    29. 7.29. Rebate for Advance Payment/Pre-paymentp. 610
    30. 7.30. Modification in Tariff Applicabilityp. 611
    31. 7.31. Treatment to Energy Generated during the Regenerative Braking – Metrop. 624
    32. 7.32. Solarization of Lift Irrigation Schemep. 625
    33. 7.33. Revised Tariff with effect from 1 April, 2025p. 626
    34. 7.34. Wheeling Chargesp. 637
    35. 7.35. Cross Subsidy Surchargep. 644
    36. 7.36. Additional Surchargep. 671
    37. 7.37. Issuance of Commercial Circular for Tariff Rates and related matters by MSEDCLp. 671
  8. 8. Compliance of earlier Directives7 sections · p. 671
    1. 8.1. Backgroundp. 679
    2. 8.2. Directive 1: Changes in ToD Tariff Structurep. 679
    3. 8.3. Directive 2: Roadmap for Cross Subsidy Reductionp. 681
    4. 8.4. Directive 3: Framework for Billingp. 681
    5. 8.5. Directive 4: Protocol for automated measurement and reporting of Supply Availabilityp. 682
    6. 8.6. Directive 5: Separate Agriculture Companyp. 685
    7. 8.7. Performance Review and Review of Compliance of Directionsp. 685
  9. 9. Schedule of Charges14 sections · p. 685
    1. 9.1. Backgroundp. 686
    2. 9.2. Revision in schedule of chargesp. 690
    3. 9.3. Cost of Meter, Metering Cubicle Etc.p. 697
    4. 9.4. Application Registration and Processing Chargesp. 699
    5. 9.5. Processing fees for change of name/ change of ownership of generatorp. 701
    6. 9.6. Charges for Open Accessp. 703
    7. 9.7. Miscellaneous and General Chargesp. 705
    8. 9.8. Reconnection Charges:p. 708
    9. 9.9. Changing location of meter within same premisesp. 708
    10. 9.10. Shifting of utility services/ Poles/ Lines etc.p. 709
    11. 9.11. Charges for Temporary Supply:p. 710
    12. 9.12. Inspection & Testing of Meters, metering equipment and othersp. 712
    13. 9.13. Administrative charges for cheque bouncing:p. 712
    14. 9.14. Performance Review and Review of Compliance of Directionsp. 717
  10. 10. Applicability of the Orderp. 717
  11. 11. Appendix-1: List of Persons Present at the Technical Validation Session on 26 December, 2024p. 717
  12. 12. Appendix-2: List of Persons Present at the Public Hearing held between February 25, 2025 to March 4, 2025p. 717
  13. 13. Annexure I: Tariff Schedule for 5th Control Period from FY 2025-26 to FY 2029-30p. 718

Index extracted from the official order. Page numbers are the printed page in the PDF; front-matter (table of contents, abbreviations) is not indexed.

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Official order PDF (MERC) · 790 pages.

Case details, dates and the section index on this page are extracted directly from the official order published by MERC. This page was assembled by CtrlPeriod Research using automated document analysis; it does not reproduce the order’s determined tariff figures. It is a research aid, not legal or financial advice — verify against the official order before relying on it.