Electricity rates will be reduced in Mumbai

Finally after a long period of time we may see rates been cut down, it Electricity whose rates will be reduced in Mumbai, This will help all Mumbaikars to get their electricity bills reduced. The Rates are going to be reduces because the countervailing tax on coal and the customs duty on imports is removed, this will help in deducing the coal prices.

As per the sources 80% of power generation cost depends on coal prices.

The import duty on mining equipment is been reduced, which will help coal companies to reduce the cost, which will lead in lowering the power generation cost.

Experts advised all the Mumbaikars to use compact fluorescent lamps (CFLs) which further help all to reduce the bills.

(LED) lamps will also help is the purpose, also these are been made cheeper by reducing the excise duty on LED.