Outstanding dues of discoms for late payment surcharge dips
Outstanding dues of power distribution companies towards gencos declined sharply to Rs 713.29 crore on Friday from Rs 5,085.30 crore as of August 17 following strict action against defaulter utilities. The defaulter utilities were barred from trading at power exchanges under the Electricity Rules 2022 notified by the Power Ministry in June 2022.
This came in as a positive for gencos who lately were burdened by outstanding dues to many of the power distribution companies. Power exchanges will also benefit from declining outstanding as those states barred from power exchanges can also be welcomed back on exchanges.