Discoms’ dues down by 3rd soon after enforcing Late Payment Surcharge Rule
The total outstanding dues of electricity distribution utilities (discoms) has reduced by a third to around Rs 93,000 crore in May, in less than year of implementing the Late Payment Surcharge (LPS) Rules in June 2022.
The burgeoning dues of discoms toward power generation (gencos) mainly and transmission (trancos) firms have been affecting the entire value chain of the sector till last year.
According to industry data, in June last year, discoms’ dues were at Rs 1.39 lakh crore at the time of the launch of the Late Payment Surcharge (LPS) scheme.
The total outstanding dues now stand at around Rs 93,000 crore as per the portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
