The Meghalaya State Electricity Regulatory Commission (MSERC) released the pre-publication draft of the Meghalaya State Electricity Regulatory Commission (Multi-Year Tariff) Regulations, 2026 on 25 May 2026. The draft introduces a framework intended to create a more structured, transparent and predictable tariff system for power utilities operating in the state. The regulations are set to govern electricity tariff determination from 1 April 2027. The framework applies to all existing and future generating companies, transmission licensees, distribution licensees and the State Load Despatch Centre (SLDC) operating within Meghalaya. It replaces the earlier MSERC Multi-Year Tariff Regulations, 2014 and its subsequent amendments while preserving review and truing-up provisions for financial years prior to 2027–28 under the 2014 rules. Regulated entities are required to submit a detailed Business Plan at least three months before filing tariff petitions. The Business Plan must include projected capital expenditure, manpower planning, operational targets and financial projections and is intended to support regulatory scrutiny of proposed costs and investments. The Commission has defined a control period of three financial years from 1 April 2027 to 31 March 2030, with similar three year control periods to follow. Distribution licensees face additional obligations such as demand forecasts, power procurement planning and strategies to reduce distribution losses and improve collection efficiency. Tariffs resulting from transparent competitive bidding conducted in accordance with central government guidelines will be adopted directly by the Commission. Utilities must maintain separate audited accounts for generation, transmission and distribution businesses and are allowed one year from notification to complete segregation where necessary, with interim allocation statements required in tariff petitions. Once a tariff application is accepted the Commission may conduct public hearings and is expected to issue a final Tariff Order within 120 days of acceptance, detailing the approved aggregate revenue requirement and consumer tariff structure for the state.