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Uttar Pradesh Freezes Power Tariffs for Sixth Year as Regulator Cites Surplus

Regulators pointed to a projected ₹18,592.38 crore surplus to justify holding rates steady.

Overview

  • The tariff order approves an ARR of ₹1,10,993.33 crore for FY 2025-26, with expected revenue including a ₹17,100 crore state subsidy at ₹1,03,283.29 crore and a regulatory gap of ₹7,710.04 crore.
  • UPPCL and the discoms are projected to carry an accumulated regulatory surplus of ₹18,592.38 crore as of April 1, 2025.
  • Noida Power Company Ltd consumers keep their 10% regulatory discount with tariffs unchanged in Greater Noida.
  • UPERC set a loss-reduction path from 13.78% in FY 2024-25 to 10.74% by FY 2029-30 and flagged uneven progress across the discoms.
  • Consumer-facing steps include lower green-energy charges (₹0.34/unit for HV and ₹0.17/unit for LV), unchanged time-of-day slabs, rationalised cross-subsidy surcharges, and a forthcoming consultation on single-point billing transparency.