Punjab State Power Corporation Limited (PSPCL) is going to launch a one-time settlement (OTS) scheme to recover Rs 4,775 crore, which were due till September 2022, from the government and private consumers, who failed to clear their pending bills. The petition in this regard is pending before the Punjab State Electricity Regulatory Commission (PSERC).
Subject to clearance, the OTS scheme for defaulters to clear power dues will help the PSPCL recover Rs 2,534 crore pending dues from government departments alone.
Further, a single instead of multiple surcharges will be implemented that will reduce interest on delayed payments. Last time, a similar OTS scheme was offered in April 2021 by the PSPCL.
