Kerala State Electricity Regulatory Commission publishes draft multi-year tariff regulations for next five-year period
The draft also features provisions aimed at ensuring that the benefits from operational efficiency and expenditure cuts are fully passed on to consumers
The Kerala State Electricity Regulatory Commission (KSERC) has released draft multi-year tariff regulations for the next five years, starting from the fiscal year 2027-28. The draft, titled the Draft KSERC (Multi-Year Tariff (MYT)) Regulations, 2026, aims to determine power tariffs for this five-year control period. The existing MYT regulations will expire in March 2027.
Once approved after public hearings, power utilities in Kerala, primarily the Kerala State Electricity Board (KSEB), will need to submit petitions outlining their Aggregate Revenue Requirement (the total cost to cover operations) and expected revenue from both existing and proposed tariffs and charges under these regulations for financial years 2027-28 to 2031-32.
The KSERC, led by T.K. Jose, emphasizes the inclusion of provisions to ensure that the advantages from operational efficiency and expenditure reductions are fully passed on to electricity consumers. The draft regulations also promote the use of energy storage systems, early completion of capital projects, and measures to maintain performance standards for power utilities.
Additionally, the draft incorporates changes in the power sector, recommendations from the Union government, Central Electricity Regulatory Commission, and Central Electricity Authority made over the past five years.
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