Tata Power strikes OERC for one-time settlement scheme

Express News Service

BHUBANESWAR: With practically Rs 10,000 crore of electrical energy dues pending for lengthy amongst completely different classes of customers, the Tata Power-managed distribution corporations have requested the Odisha Electricity Regulatory Commission (OERC) to approve an one-time settlement scheme (OTS) for waiver of delayed cost surcharge and excellent arrears.

Filing the applying for all of the 4 distribution corporations (discoms), the Tata Power Central Odisha Distribution Limited (TPCODL) mentioned the overall excellent dues of the utilities on customers was Rs 10,999.92 crore together with delayed cost surcharge (DPS) of Rs 978.93 crore as on March 31, 2020 (for TPCODL/TPSODL/TPWODL) and March 31, 2021 for TPNODL.

The arrears stood at Rs 9,973.08 crore after assortment of Rs 978.93 crore as on September 30, 2021. The getting older of the arrears payments ranged from one yr (Rs 1,331.76 crore) to greater than three years (Rs 4,250.95 crore).Even after guide adjustment of Rs 250.41 crore (together with Rs 29.31 crore DPS) in opposition to arrears of varied authorities departments as on March 31, 2020, the excellent  electrical energy payments of the State authorities was Rs 287.76 crore on the finish of October 2021.

While the erstwhile CESU was transferred to TPCODL on June 1, 2020, the WESCO and SOUTHCO had been handed over to TPWODL and TPSODL respectively on January1, 2021 and NESCO to TPNODL on April 1, 2021.TPWODL has the very best arrears of Rs 3,625.95 crore pending adopted by TPNODL (Rs 2,822 crore), TPCODL (Rs 1,992.58 crore) and TPSODL (Rs 1,532.51 crore). Of the overall excellent dues, Rs 8,414.39 crore is pending in opposition to low transmission (LT) largely home customers.

Tata Power has proposed to present rebates in three codecs to LT customers. Defaulting customers wanting to avail the scheme should pay the DPS in full and 15 per cent of the eligible quantity in three month-to-month installments inside the scheme interval.

Those who’re prepared to pay in two month-to-month installments will get one other 5 per cent rebate on the vitality invoice. The DPS can be paid in full. Those who wish to clear the dues in a single go will get to pay 25 per cent of the eligible arrear quantity.

Similarly, for defaulting excessive stress (HT) and further excessive stress (EHT) customers, the discoms supplied to waive DPS if the arrears are paid upfront. The proponents supplied 50 per cent and 40 per cent rebate on DPS for cost made in two and three installments respectively.The regulatory fee which heard the OTS utility of Tata Power lately is anticipated to ship its order together with the electrical energy tariff orders for 2022-23.