<p>Adani Electricity Mumbai (AEML) on Saturday proposed an increase in power tariffs for residential consumers by 1 per cent for the next two financial years on account of a rise in renewable sources on the generation side.</p>.<p>In the case of industrial and commercial consumers, the company has proposed to reduce tariffs by 11-18 per cent in FY24 and FY25, as per advertisements in local dailies on Saturday.</p>.<p>“Residential consumers to have a cumulative marginal 1 per cent increase in tariff over both FY 23-24 and FY 24-25 as compared to tariffs incurred currently,” the company said.</p>.<p>At a time when electric vehicle adoption is growing, the company has proposed power tariffs to be 28 per cent cheaper than the present ones. </p>
<p>Adani Electricity Mumbai (AEML) on Saturday proposed an increase in power tariffs for residential consumers by 1 per cent for the next two financial years on account of a rise in renewable sources on the generation side.</p>.<p>In the case of industrial and commercial consumers, the company has proposed to reduce tariffs by 11-18 per cent in FY24 and FY25, as per advertisements in local dailies on Saturday.</p>.<p>“Residential consumers to have a cumulative marginal 1 per cent increase in tariff over both FY 23-24 and FY 24-25 as compared to tariffs incurred currently,” the company said.</p>.<p>At a time when electric vehicle adoption is growing, the company has proposed power tariffs to be 28 per cent cheaper than the present ones. </p>