APERC allows discoms to collect Rs 29 billion true-up charges

The Andhra Pradesh Electricity Regulatory Commission (APERC) has given approval for the collection of true-up charges to the tune of Rs 29 billion to discoms.

APERC had allowed the discoms to collect the difference amount of their actual cost of production based on the annual returns submitted by the distribution companies about six months ago. . The true-up charges pertain to 2014-19.  The discoms have decided to collect the true-up charges in 36 months from August 2022 to July 2025. The discoms moved to a new model to estimate the cost of power purchase and supply as they have taken the entire five years period from 2014-2019 to adjust the charges. The true-up charges have been fixed based on the average monthly consumption during the five-year period. The Southern Power Distribution Company Limited (SPDCL) will collect 23 paise per unit, Central Power Distribution Company Limited (CPDCL) will collect 22 paise per unit, and Eastern Power Distribution Company Limited (EPDCL) will collect 7 paise per unit. While CPDCL and SPDCL will collect the dues for 36 months, EPDCL will collect for 18 months to adjust the actual costs.