Ministry of Power has proposed to bring in transparency and reduce the burden of distribution licensee by adopting principle of first in, first out for payment by distribution licensees.
The ministry circulated a draft Electricity (Late Payment Surcharge) amendment Rules, 2021 seeking comments for the same. The draft amendment rules are placed on the website of Ministry of Power.
The generating companies are being given an option to sell power to third party and recover their cost. The ministry said, proposed amendments are in the interest of the electricity consumers and the power sector as a whole.