The Kerala State Electricity Regulatory Commission (KSERC) has said that it has included provisions for improving the efficiency, accountability and service delivery of power distribution licencees in the draft regulations published on Monday for determining power tariffs for a five-year period from the 2027-28 fiscal.The KSERC has published the Draft KSERC (Multi-Year Tariff (MYT)) Regulations, 2026, for determining power tariffs for the five-year control period starting 2027-28. The validity of the existing MYT regulations end in March 2027.Once the regulations are approved after public hearings, power utilities — primarily the Kerala State Electricity Board (KSEB) in Keralam’s case — are required to file their petitions on Aggregate Revenue Requirement (the total amount required to cover its costs) and expected revenue from the existing and proposed tariffs and charges based on these regulations for the financial years 2027-28 to 2031-32.The commission headed by T.K. Jose said the draft also features provisions aimed at ensuring that the benefits from operational efficiency and expenditure cuts are fully passed on to the electricity consumers. The draft regulations also have provisions promoting energy storage systems, early commissioning of capital projects, and measures aimed at guaranteeing the standards of performance by power utilities.Further, the draft also incorporates changes that have happened in the power sector, changes recommended by the Union government, Central Electricity Regulatory Commission, and the Central Electricity Authority over the past five years. Published - August 24, 2026 08:42 pm IST