Key Points
The government has amended the Electricity (Late Payment Surcharge and Related Matters) Rules 2022 making power generation companies not offering surplus electricity, which is within the declared generation capacity but not required by distribution companies, on the exchanges ineligible to claim capacity or fixed charges for the same...
"A key amendment which has been made is related to surplus power which is within the declared generation capacity but not requisitioned by distribution companies," Power Minister RK Singh said.. Amendments have also been made to align the rules with statutory provisions related to accessing the national power grid..
The Electricity (Late Payment Surcharge and Related Matters) Rules were introduced in 2022 to tackle cash flow challenges faced mainly by generation and transmission companies.It also aimed to promote timely payments across the power sector...
