Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 Amendments

  • The government has revised the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 to ensure optimal utilization of power generating capacity. 
  • The amendments aim to increase the reliability of power supply for all consumers. 
  • The key change pertains to surplus power within the declared generation capacity but not requisitioned by distribution companies. 
  • Power generators that do not offer their surplus power will no longer be eligible to claim capacity or fixed charges. 
  • The surplus power cannot be sold at a price exceeding 120% of the energy charge plus the applicable transmission charge, increasing the likelihood of its utilization. 
  • The rules also align with statutory provisions related to accessing the national power grid. 
  • The rules were introduced in 2022 to address cash flow challenges and promote timely payments across the power sector.
Posted in Current Affairs.