Punjab State Power Corporation Limited (PSPCL) has earned a profit of ₹564.76 crore during the peak season of the year ending October, against a loss of ₹1,880.25 crore during the corresponding period last year. PSPCL distributes power across the state.
This year, there was 48% reduction in power purchase from the open exchange. From 4,773 million units in 2022, power purchase (short terms and exchange purchase) came down to 2,480 million units in 2023.
Elaborating on the profit and reasons thereof, PSPCL officials said smart electricity trading of electricity in the open market and higher production of electricity from own thermal plants resulted in the profit.
