Late Payment Surcharge 2022 Rules is facilitating receivables reduction for independent power producers, according to India Ratings and Research (Ind-Ra). India Ratings and Research (Ind-Ra) said the implementation of the LPS Rules 2022 issued by the Ministry of Power on June 3, 2022, has brought in greater discipline from state electricity distribution companies (discoms) in making timely payments to independent power producers (IPPs) in the renewable and thermal power sectors.
