It will be implemented with retrospective effect from November 1.
Kerala Electricity Regulatory Commission has issued an order citing current tariff will continue; KSEB had proposed an average increase of upto Rs 41 paise per unit.
On Friday, KSEB in its official Facebook page also urged the consumers to cooperate with the board by limiting the consumption from 7 pm to 11 pm.
In first phase, smart meters will be installed on premises of industrial and commercial consumers
The official sources hinted that a high-level meeting is scheduled for September 4 to analyse the power crisis in the state.
He further said insufficient rainfall and rising power consumption have pushed the state into its current situation.
The penstock of the second Weir burst on Tuesday and water flooded the powerhouse, control room and office floor.
On Friday, KSEB disconnected power supply to Enforcement office of MVD in Kasaragod after it missed deadline to pay bill by three days.
Electricity Regulatory Commissions decides quantum of revenue required to ensure efficient service to consumers and for distribution companies to function profitably.
The warning in this regard was issued by Union Power Minister R K Singh the other day during a high-level meeting.