The Uttar Pradesh power distribution companies (discoms) have pegged energy procurement costs at almost Rs 85,000 crore in next financial year 2024-25. In their filings with the UP Electricity Regulatory Commission (UPERC), the power utilities claimed that the state would require about 145 billion units of power in the next financial year with the cost of procurement estimated between Rs 80,000 to 85,000 crore.
According to their annual revenue requirement (ARR) documents, the discoms also projected a revenue gap between Rs 11,000 to Rs 12,000 crore, against a net revenue requirement of nearly Rs 1 trillion.
