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The state government had in May cleared Uttar Pradesh Power Corporation Ltd’s request for privatisation of distribution in 42 districts and passed it on UPERC for scrutiny
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Only half of India’s 36 states and union territories have initiated smart meter installations so far. A government official said smart meters being a new concept, there were delays in issue of tenders and establishment of direct debit facility.
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The power demand is stable, no power cut or load shedding has been reported, Tata Power Delhi Distribution Limited (TPDDL) said in a statement on Saturday.
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Criteria for incentivising Discoms include achievement of installation of additional grid-connected rooftop solar capacity beyond the baseline level, the New & Renewable Energy Minister said in a post on X
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If not sure about your electricity dues, talk directly to your discom. This makes sure you're getting the right information and keeps you safe from scams.
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The growth in power demand and global geo-political challenges resulted in an unprecedented increase in national power purchase costs of 71 paise per unit in FY23, as compared to the marginal increase of 4 paise / kWh in FY22 v/s FY21, the report of the Ministry of Power stated.
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Union Minister for Power and New & Renewable Energy Shri R. K. Singh said that the new rules will also address surplus power which is within the declared generation capacity but not requisitioned by distribution companies.
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Our established power generation capacity has to go up to 900 GW, from about 427 GW today to meet India's burgeoning energy demand, the Union minister for power said.
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Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified.
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We also plan to have an integrated rating system for rooftop solar vendors for the consumers to make informed choices. Besides, we are planning to have benchmark prices for modules based on its star-rating, the Union minister for power and renewable energy said.
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States and distribution companies have been asked to buy power aggregated from coal and gas-based plants that are older than 25 years.
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Due to the surge in power demand and subsequent load-shedding, the Central Electricity Regulatory Commission on August 15 also directed all power distribution companies to promptly requisition their power needs to the generating companies
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Improper and non-transparent accounting, as well as non-payment or delayed payment of subsidy, is one of the reasons for the financial distress of discoms, the power ministry said.
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The company's market capitalisation has multiplied by over 2.2 times in the last two months, reaching Rs 22,500 crore from Rs 1.01 lakh crore. The stock price has increased by more than 100 percent in the period.
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SERCs are expected to follow the norms of the tariff policy as mandated under the Electricity Act, so as to ensure that discoms remain financially viable. But most of the states have ignored this.
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The proposed amendments to the Electricity Rules, 2005 are targeted interventions for issues ranging from discoms' financial health, transmission for upcoming green hydrogen and renewable energy plants, open access charges and unnecessary appeals in the APTEL, Alok Kumar, secretary, Ministry of Power, told Moneycontrol.
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In 2021, the government had set the target to bring down AT&C losses to 12-15 percent by the financial year 2025. However, going by the latest provisional data, the government is likely to have achieved this target two years in advance.
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When somebody says that power is free, it means that you pay more taxes because ultimately it is the taxpayer who is bearing the brunt of the free power, the Union minister for power said.
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The coal stock situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 32 had critical stocks. Last year at this time, the number of such plants was around 96.
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As on date, about 40 percent distribution transformer metering has been done and for feeder lines, the status is a bit better at about 80 percent, Singh said. He added that the government is also modernising its feeder monitoring system.
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The Annual Integrated Rating and Ranking exercise is done by the Power Finance Corporation as per the framework approved by the Ministry of Power since the year 2012.
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In January 2022, the total outstanding dues of discoms stood at Rs 1,21,030 crore, which included the total overdue amount of Rs 1,01,357 crore.
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Legally, the provision to have multiple discoms exists in the Electricity Act 2003. The same has also been reiterated in the Electricity Amendment Bill 2022, which the Union government on August 8, 2022 referred to the Parliamentary Standing Committee on Energy after members of several opposition parties opposed its introduction in the Lok Sabha on the grounds that it violated the federal principles of the constitution
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One of the key indicators of financial distress of discoms is mounting power purchase dues towards the generation companies (gencos).
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The Revamped Distribution Sector Scheme (RDSS) lays down that funding under the scheme will be available only if the discom commits to an agreed loss reduction trajectory.
