The Power Finance Corporation (PFC) has released the latest report on the performance of state power utilities for 2023-24. As per the report, the average aggregate technical and commercial (AT&C) losses for distribution utilities at the national level increased from 15.11 per cent in 2022-23 to 16.12 per cent in 2023-24. Meanwhile, billing efficiency decreased marginally from 86.98 per cent in 2022-23 to 86.91 per cent in 2023-24, while collection efficiency declined from 97.6 per cent to 96.51 per cent. The report gives a detailed overview of key financial and operational metrics for discoms. It is based on a comprehensive survey covering 63 power distribution utilities out of 72 for the year 2023-24, compared to 67 utilities covered in the 2022-23 report. It is compiled based on audited/provisional annual accounts of the utilities. Of the 59 state and private discoms covered, 52 submitted audited annual accounts.
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