New Delhi: Dues of power distribution companies sharply declined to Rs 713.29 crore on Friday from Rs 5,085.30 crore on August 17 following strict action against power generating companies.
The defaulting utilities were barred from trading on electricity exchanges under the Electricity (Delay Payment Surcharge and Related Matters), Rules 2022. Ministry of Power in June 2022.
Last month, National Grid Operator Power System Operation Corporation Limited (posoco) asked three power exchanges – IEX, PXIL and HPX — 27 to the electricity business . to limit discom Dues are pending against Gencos in 13 states.
The latest update regarding late payment surcharge arrears on the PRAAPTI portal has revealed that the total dues on three discoms in Karnataka and one in Jammu and Kashmir as on September 16, 2022 is Rs 713.29 crore. The outstanding amount as on August 17, 2022 was Rs 5,085.30 crore.
PRAAPTI stands for Payment Confirmation and Analysis in Power Purchase to bring transparency in invoicing of generators.
As on September 16, 2022, the three discoms in Karnataka are Hubli Electricity Supply Company Limited (Rs 36.29 Crore), Chamundeshwari Electricity Supply Corporation Limited (Rs 10.49 Crore) and Gulbarga Electricity Supply Company Limited (Rs 11.24 Crore).
As per the latest update on PRAAPTI the Jammu and Kashmir Electricity Distribution Department has Rs 655.26 crore.
Under the payment protection mechanism, state utilities can be barred from transacting on electricity exchanges, as arrears and other charges are not paid to Gencos.
“The electricity will be supplied only if adequate payment security mechanism is maintained or in the absence thereof, advance payment is made,” it said.
POSOCO directed Indian Energy Exchange (IEX), Power Exchange of India (PXIL) and Hindustan Power Exchange (HX) last month to prohibit trading of electricity by utilities in 13 states including Maharashtra, Madhya Pradesh, Rajasthan was. , Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Bihar, Chhattisgarh and Jharkhand.
POSOCO, a public sector enterprise under Union Ministry of PowerManages the integrated operation of the Indian power system.
In a letter to the three exchanges, POSOCO had said that the buy and sell transactions (of electricity) in all products of the electricity market for discoms (27 discoms in 13 states) will be strictly prohibited from the date of delivery till further notice. 19 August 2022.
It was clarified in the letter that as per the information available on the PRAAPTI portal, the decision has been taken in view of the arrears of these utilities.
The defaulting utilities were barred from trading on electricity exchanges under the Electricity (Delay Payment Surcharge and Related Matters), Rules 2022. Ministry of Power in June 2022.
Last month, National Grid Operator Power System Operation Corporation Limited (posoco) asked three power exchanges – IEX, PXIL and HPX — 27 to the electricity business . to limit discom Dues are pending against Gencos in 13 states.
The latest update regarding late payment surcharge arrears on the PRAAPTI portal has revealed that the total dues on three discoms in Karnataka and one in Jammu and Kashmir as on September 16, 2022 is Rs 713.29 crore. The outstanding amount as on August 17, 2022 was Rs 5,085.30 crore.
PRAAPTI stands for Payment Confirmation and Analysis in Power Purchase to bring transparency in invoicing of generators.
As on September 16, 2022, the three discoms in Karnataka are Hubli Electricity Supply Company Limited (Rs 36.29 Crore), Chamundeshwari Electricity Supply Corporation Limited (Rs 10.49 Crore) and Gulbarga Electricity Supply Company Limited (Rs 11.24 Crore).
As per the latest update on PRAAPTI the Jammu and Kashmir Electricity Distribution Department has Rs 655.26 crore.
Under the payment protection mechanism, state utilities can be barred from transacting on electricity exchanges, as arrears and other charges are not paid to Gencos.
“The electricity will be supplied only if adequate payment security mechanism is maintained or in the absence thereof, advance payment is made,” it said.
POSOCO directed Indian Energy Exchange (IEX), Power Exchange of India (PXIL) and Hindustan Power Exchange (HX) last month to prohibit trading of electricity by utilities in 13 states including Maharashtra, Madhya Pradesh, Rajasthan was. , Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Bihar, Chhattisgarh and Jharkhand.
POSOCO, a public sector enterprise under Union Ministry of PowerManages the integrated operation of the Indian power system.
In a letter to the three exchanges, POSOCO had said that the buy and sell transactions (of electricity) in all products of the electricity market for discoms (27 discoms in 13 states) will be strictly prohibited from the date of delivery till further notice. 19 August 2022.
It was clarified in the letter that as per the information available on the PRAAPTI portal, the decision has been taken in view of the arrears of these utilities.