The Tamil Nadu government has announced a 2.18% increase in electricity tariffs, effective from July 1st, 2023. This hike, approved by the Tamil Nadu Electricity Regulatory Commission (TNERC), is intended to offset the financial losses incurred by the state’s power distribution company, TANGEDCO. However, the government has committed to fully subsidizing the increase for residential consumers, ensuring no additional burden on households. This move comes amid rising electricity costs and concerns about TANGEDCO’s financial stability, which has accumulated significant debt over the past decade.