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 212 of 2022·Order dated 2023-03-31

MERC approved BEST's ARR truing-up for FY2019-20 to FY2021-22, provisional truing-up for FY2022-23, and fixed ARR & tariffs for FY2023-24 and FY2024-25

Petition of Brihanmumbai Electric Supply and Transport Undertaking (BEST) for Truing-up of Aggregate Revenue Requirement (ARR) for FY 2019-20, FY 2020-21 and FY 2021-22, Provisional Truing-up of ARR FY 2022-23 and revised ARR & Tariff for FY 2023-24 and FY 2024-25

Background · what was sought

BEST filed a Mid-Term Review Petition under MYT Regulations 2019 seeking truing-up of its Aggregate Revenue Requirement for FY2019-20 (under MYT 2015), FY2020-21 and FY2021-22 (under MYT 2019), provisional truing-up for FY2022-23, and revised ARR & Tariff for FY2023-24 and FY2024-25. Original petition filed 30 Nov 2019; revised petition after data-gap replies filed 17 Jan 2023. MERC held public consultation before deciding.

What the Commission decided

Approved truing-up of ARR for FY2019-20, FY2020-21 and FY2021-22 as prayed with Commission's own assessment of power purchase, O&M, capex, interest and other cost heads
Approved provisional truing-up of ARR for FY2022-23
Approved revised ARR and Tariff for FY2023-24 (effective 1 Apr 2023) and FY2024-25 (effective 1 Apr 2024)
Fixed HT-II (Commercial) tariff at Rs.375/kVA/month fixed charge + Rs.7.66/kWh energy charge + Rs.0.67/kWh wheeling for FY2023-24, rising to Rs.400/kVA/month + Rs.8.04/kWh + Rs.0.76/kWh wheeling for FY2024-25
Retained Time-of-Day (TOD) tariff differentials (+Rs.1.00/kWh peak 1800-2200 hrs, -Rs.0.75/kWh off-peak 2200-0600 hrs, +Rs.0.50/kWh 0900-1200 hrs) across HT categories
Approved Billing Demand norm change for HT consumers: Contract Demand floor raised from 70% (FY2023-24) to 75% (FY2024-25)

Way forward agreed by the Commission

Tariffs for FY2023-24 effective from 1 April 2023 and FY2024-25 effective from 1 April 2024 to be implemented by BEST
Fuel Adjustment Charge (FAC) as part of Z-factor to be published monthly on BEST's website and passed through to all categories
BEST to publish applicable Electricity Duty/Tax notifications and ZFAC details on its website for consumer reference
HT Billing Demand norm to transition from 70% to 75% of Contract Demand from FY2024-25
Power Factor incentive/penalty, Load Factor incentive and prompt/digital payment discounts to be applied as per revised schedule
No separate compliance timeline beyond FY2024-25 tariff period specified; next tariff revision expected via subsequent MYT filing

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

• C&I consumers under HT-II Commercial face rising energy charges (Rs.7.66 to Rs.8.04/kWh) and fixed charges (Rs.375 to Rs.400/kVA/month) over the two-year period, impacting budgeting for FY2024-25
• TOD tariff structure rewards load-shifting to off-peak (2200-0600 hrs, Rs.0.75/kWh rebate) and penalizes peak evening consumption (1800-2200 hrs, Rs.1/kWh surcharge) - relevant for storage/DR strategies
• Tightening of HT Billing Demand floor to 75% of Contract Demand in FY2024-25 raises minimum demand charge exposure for consumers with lower utilization - developers should review Contract Demand sizing
• EV charging stations get a distinct, lower fixed charge (Rs.75-80/kVA/month) and marginally lower energy charge than general commercial tariff, aiding EV infrastructure economics in Mumbai

Growthifye take

This is primarily a routine multi-year tariff true-up with incremental tariff hikes (~5% energy charge increase FY24-25) rather than a policy shift. C&I buyers on BEST's HT-II should model in the FY2024-25 step-up now and evaluate TOD arbitrage via battery storage given the Rs.1.75/kWh peak-to-off-peak spread. The tightened billing demand floor (75%) warrants a Contract Demand review to avoid under-utilization penalties.

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.