What sectors does Growthifye cover?

We work across the clean-energy value chain — utility-scale solar and wind, battery energy storage (BESS), power transmission networks, and the green financing structures that fund them.

Do you handle both engineering and financing?

Yes. Our differentiator is combining engineering-led advisory and EPC with an in-house green financing and debt syndication desk, so technical and financial workstreams stay aligned all the way to financial close.

Can you support transmission and grid connection?

Absolutely. We engineer HV substations and transmission lines, run grid connection and evacuation studies, and manage the interface with utilities and grid operators.

What does green financing include?

Sustainability-linked loans, green debt, blended finance and non-recourse project finance — structured, syndicated and negotiated to secure competitive, long-tenor capital.

How do we start working with you?

Share your project or mandate through the contact form or WhatsApp. We'll set up a discovery call and outline a tailored engagement across advisory, engineering, EPC or financing.

All MERC orders

Original order PDF

GROWTHIFYE ONE-PAGER·MERC · Maharashtra·tariff order·Case 237 of 2023·Order dated 2024-03-06

MERC approved TPC-D's FY22-23 ARR true-up, FY23-24 provisional true-up, and FY24-25 revised ARR & retail tariff, effective 1 Apr 2024

Case of The Tata Power Company Ltd. (Distribution) for approval of Truing-up of Aggregate Revenue Requirement (ARR) for FY 2022-23, Provisional Truing-up of ARR for FY 2023-24, and approval of Revised ARR and Tariff for FY 2024-25

Background · what was sought

TPC-D filed a petition (11 Dec 2023, revised 17 Jan 2024) seeking Commission approval of Truing-up of ARR for FY2022-23, Provisional Truing-up of ARR for FY2023-24, and a Revised ARR and Tariff for FY2024-25 under Sections 61, 62, 64 and 86 of the Electricity Act, 2003 and MERC's MYT Regulations, 2015/2019. The Commission admitted the petition, held a pre-admission discussion (4 Jan 2024) and a public hearing (27 Feb 2024), and after considering suggestions/objections issued this order.

What the Commission decided

Approved Truing-up of ARR for FY2022-23 as filed/adjusted by TPC-D
Approved Provisional Truing-up of ARR for FY2023-24
Approved Revised ARR and Tariff for FY2024-25, effective 1 April 2024 to 31 March 2025
Approved category-wise HT/EHT tariffs, e.g. HT II Commercial Energy Charge Rs.8.84/kVAh, HT V(B) Public Services Rs.8.60/kVAh, HT VI EV Charging Rs.6.60/kVAh, Wheeling Charge Rs.1.40/kVAh (HV) and Rs.0.08/kVAh (EHV)
Retained Time-of-Day (TOD) tariff structure with peak addition of Rs.1.00/kVAh (1800-2200 hrs) and off-peak rebate of Rs.0.75/kVAh (2200-0600 hrs)
Approved miscellaneous charges/incentives - PF incentive up to 3.5%, PF penalty structure, Load Factor incentive up to 15%, prompt payment discount 1%, digital payment discount 0.25% (cap Rs.500), prepaid rebate 2%, and additional demand charge of Rs.20/kVA/month for captive power plant standby demand

Way forward agreed by the Commission

Revised tariff schedule to apply to all TPC-D consumer categories from 1 April 2024
FAC/Z-factor charge to be computed monthly per MYT Regulations and published on TPC-D's website
TPC-D to bill consumers per approved Fixed/Demand, Energy and Wheeling charges, TOD slabs and applicable incentives/penalties
Distribution Licensee to apply Power Factor, Load Factor, prompt-payment and digital-payment incentives/penalties as specified
Captive Power Plant consumers to be billed additional standby demand charges only on excess-of-contract-demand component
Future true-up (FY2023-24 final) and next ARR/tariff cycle (FY2025-26) to be filed by TPC-D in line with MYT framework

What it means for C&I buyers, OA users & developers

• C&I/HT consumers (Industry, Commercial, Public Services) face revised per-unit energy and wheeling charges effective FY2024-25, impacting overall power cost budgeting
• TOD structure with a negative (rebate) charge at night (2200-0600 hrs) creates an arbitrage opportunity for battery storage and flexible-load C&I users
• Captive Power Plant/RE developers must note the Rs.20/kVA/month standby charge applies only to demand exceeding contract demand, relevant for hybrid RE+grid setups
• Open access and HT single-point supply (e.g. malls, industrial parks) must review Franchisee/downstream metering rules and applicable wheeling charges under HT II conditions

Growthifye take

For C&I buyers and RE/storage developers on TPC-D's network, the FY24-25 tariff retains a favourable night-time TOD rebate (-Rs.0.75/kVAh) that strengthens the business case for battery storage and load-shifting, while peak-hour surcharges (Rs.1.00/kVAh, 1800-2200 hrs) increase the value of captive/RE generation during evening peak. Developers with captive plants should carefully track contract demand to avoid the Rs.20/kVA/month standby penalty. Overall bill impact will depend on category-specific energy charge changes versus FY23-24, which are not detailed in this excerpt - a full ARR/tariff comparison is recommended before locking PPAs or OA contracts.

Growthifye does not take responsibility for the accuracy of this information. Values are compiled from tariff orders published on the websites of State Electricity Regulatory Commissions and distribution licensees (plus CEA / MoP / Grid-India), parsed automatically and shown with their source. Always verify against the signed order before any commercial decision. This one-pager is a Vidura-assisted summary of the official order; the signed order prevails.