The Telangana State Electricity Regulatory Commission (TSERC) has approved a 14% increase in retail power supply tariffs for the fiscal year 2022-23, after a five-year gap. Domestic consumers would see a minor increase of 10 paise per unit to 50 paise per unit, while non-domestic users will see a Rs 1 per unit hike. The increased costs will take effect on April 1st.

Reason for Increase

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Major cost elements such as electricity procurement and distribution costs, as well as transmission charges, all increased. TSERC approved a 14 percent rise in tariffs, whereas Telangana State Southern Distribution Company Limited (TSSPDCL) and Telangana State Northern Power Distribution Company Limited (TSNPDCL) recommended an 18 percent hike. After a five-year break, the state’s power tariff is being raised. However, for domestic consumers in the bracket of 1-50 units, the power charge is being modified after a gap of 19 years. However, power tariffs in the agriculture sector were not increased, and the commission also rejected discoms’ demand to raise EV charging rates.

Right Time to Switch to Solar

In an economical solar panel setting, you can save approximately 70-90% on your monthly utility expenditures. A solar panel systems quantity investment normally reaches break-even conversion in 3-8 years, depending on its usage and assumed energy installation. When the utilization of solar energy increases, the overall load on current energy consumption decreases dramatically. This usually frees up time, allowing for a more even distribution of energy use and, eventually, a move to a considerably more sustainable energy source in the future. Switching to solar can save homeowners about 600 units of power per month from a 5kW system. That’s about Rs. 5,500 in savings.

Switching to Solar can Save the Planet

Did you know that installing a 5kW solar system is similar to growing 80 trees and lowering annual greenhouse gas emissions by 8 tonnes? By choosing solar energy for your home, Freyr Energy may assist you in championing sustainability. With a grid-tied solar system and net metering, you’ll earn credit for any excess electricity produced by your home. Freyr Energy can assist with the installation of solar panels in your home, allowing you to save money during the hot summer months when energy consumption is significantly greater. Contact the leading solar company in Telangana and maximize your savings.