In a major relief for households, industries, and businesses, Devendra Fadnavis has announced that electricity tariffs in Maharashtra will remain unchanged for the next five years. He stated that the state has now firmly transitioned into a power-surplus economy, capable of meeting future demand.
Addressing the State Assembly, Fadnavis highlighted that Maharashtra has built a robust and reliable power infrastructure, ensuring uninterrupted supply despite a sharp rise in consumption driven by industrial expansion and emerging sectors.
25% Daytime Power Concession Introduced
In a significant policy shift, the government has announced a 25% concession on electricity consumption between 9 am and 5 pm. The move aligns with increased solar power generation during daytime hours.
This replaces the earlier incentive model that encouraged late-night usage. With solar energy contributing a growing share to the grid, the new approach aims to promote daytime consumption, improve load management, and enhance cost efficiency.
Maharashtra Now Power-Surplus
The Chief Minister informed the House that the state is now generating sufficient electricity to meet its expanding needs—a marked shift from earlier years when power shortages were a concern.
Maharashtra is now well-positioned to cater to rising demand from industries, infrastructure projects, and high-energy sectors such as data centres.
Industrial Growth Driving Demand
Electricity consumption in the industrial sector has increased by nearly 23% over the past three years, reflecting strong economic momentum across sectors.
Despite this surge, the state continues to offer competitive tariffs, strengthening its position as an attractive destination for investment and industrial growth.
Major Push for Data Centres
Fadnavis noted that Maharashtra is emerging as a key data centre hub, with plans to supply around 4,500 MW of power to upcoming projects. Ensuring stable and uninterrupted electricity supply remains a priority to support digital infrastructure and data-driven industries.
MSEDCL Crosses ₹1 Lakh Crore Revenue
The Maharashtra State Electricity Distribution Company Limited has crossed the ₹1 lakh crore revenue milestone, reinforcing its position as one of India’s largest power distribution companies.
Renewable Energy Targets
Outlining the state’s long-term vision, the Chief Minister said Maharashtra aims to source:
- 52% of its power from renewable energy by 2030
- 65% by 2035
To support this transition, the government is investing in battery storage systems and pumped storage projects, ensuring grid stability and round-the-clock power supply.
Tariffs to Remain Competitive
The current industrial electricity tariff in Maharashtra stands at approximately ₹8.32 per unit, which the government maintains is competitive. Fadnavis expressed confidence that tariffs could reduce further in the future, enhancing the state’s investment appeal.
He also noted that earlier calculation errors by the regulatory authorities were corrected following state intervention, helping avoid potential financial strain and future tariff hikes.
Balancing Growth and Sustainability
Reaffirming the government’s approach, Fadnavis said Maharashtra will continue to balance affordability, sustainability, and reliability in the power sector. With stable tariffs, rising renewable energy share, and strong infrastructure planning, the state is positioning itself as a power-secure and investment-friendly destination.
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