No payment relief for discoms from July: Power ministry

Clearing doubts over the duration of the payment reliefs given to power distribution companies (discoms), the Union power ministry explained on Monday that the low late payment penalties would apply only on bills that have to be settled between March 23 and June 30.

The Central Electricity Regulatory Commission (CERC), at power ministry’s behest, has reduced the late payment surcharge for the aforementioned period from the usual rate of 1.5% to 1%.