The Karnataka Electricity Regulatory Commission has reduced the retail electricity tariff for commercial and industrial consumers of high tension categories in the financial year 2024-25 in a bid to retain customers resorting to private power purchases. The retail tariff for industrial consumers was lowered by 6.8% to ₹6.90 (~$0.083)/kWh, while the tariff for industrial consumers was reduced by 13.5% to ₹8 (~$0.096))/kWh. The revised tariff will be applicable from April 1, 2024.