PATIALA: Even as the Punjab State Electricity Regulatory Commission (PSERC) in its June 5 orders has authorized the Punjab State Power Corporation Limited (PSPCL) to impose complete tariffs on all subsided categories of consumers if the state govt fails to transparent the pending subsidies quantity and make sure advance fee of the same, the figures uploaded by the ability company on its web page display that towards a subsidy invoice of Rs 2286.34 crore up to May, the government has simplest launched a sum of Rs 738 crore.
As in line with the new tariff order licensed by the PSERC on April 19, this yr, the entire quantity of steadiness subsidy (raise forward from earlier years) is Rs 4768.65 crore and this yr’s subsidy quantity has been calculated to be Rs 8949.37 crore. Thus, the entire subsidy to be paid by Punjab govt to the PSPCL is Rs 13718.02 crore. This subsidy quantity is to be paid in 12 monthly-instalments of Rs 1143.17 crore every upfront.
However, the main points display that up to May 31, the ability company has received a sum of Rs 738.00 crore. While a sum of Rs 213.00 crore was once credited to the PSPCL accounts on April 24, a fee of Rs 225 crore was once launched on May 7. Rs 100 crore was once given on May 11 and Rs 200 crore on May 31.
The PSPCL stated a sum of Rs 2286.34 crore (1143.17x2) was once due until May 31 out of which Rs 730 was once credited to its accounts leaving in the back of a pendency of Rs 1548.34 crore. However, if the subsidy for the month of June, which is to be paid upfront, is also added to the calculations, the state govt was once meant posed to pay a complete advance of Rs 3429.5 crore, leaving in the back of a pendency of Rs 2691.51 crore.
According to Padamjit Singh, a former chief engineer of the ability software, who was once instrumental in submitting a petition in the PSERC following which the regulator had allowed the ability company to invoice the subsidised class of consumers in the state, the subsidy received was once Rs 369 crore for every month up to May, which was once just one third of the entire subsidy quantity. As in line with the tariff order, the state govt is to unencumber a sum of Rs 1143.17 crore every month from April, this yr until January, next yr and Rs 1143.16 crore for the months of February and March 2019.
However, the PSPCL has not yet determined to impose complete tariffs at the subsidised categories of consumers following a dedication given by the state govt that every one pending dues would quickly be cleared.
Chairman cum managing director of the PSPCL Baldev Singh Sarn had just lately stated that farmers and different subsidised categories of consumers will not be billed, but the company will request the state govt to transparent the subsidy invoice on the earliest.
The state supplies subsidised power to of Rs 6256.09 crore to agriculture power connections, a subsidy of Rs 1107.69 crore is to given for domestic provide to agenda caste families, the price of loose power to BPL families is Rs 69.21 crore and that for the backward categories it is Rs 75.43 crore. Small business gets Rs 61.11 crore loose power, whilst the medium business is getting subsidised power price Rs 174.90 crore and the huge business in the state is being introduced loose power price Rs 1204.94 crore.
As in line with the new tariff order licensed by the PSERC on April 19, this yr, the entire quantity of steadiness subsidy (raise forward from earlier years) is Rs 4768.65 crore and this yr’s subsidy quantity has been calculated to be Rs 8949.37 crore. Thus, the entire subsidy to be paid by Punjab govt to the PSPCL is Rs 13718.02 crore. This subsidy quantity is to be paid in 12 monthly-instalments of Rs 1143.17 crore every upfront.
However, the main points display that up to May 31, the ability company has received a sum of Rs 738.00 crore. While a sum of Rs 213.00 crore was once credited to the PSPCL accounts on April 24, a fee of Rs 225 crore was once launched on May 7. Rs 100 crore was once given on May 11 and Rs 200 crore on May 31.
The PSPCL stated a sum of Rs 2286.34 crore (1143.17x2) was once due until May 31 out of which Rs 730 was once credited to its accounts leaving in the back of a pendency of Rs 1548.34 crore. However, if the subsidy for the month of June, which is to be paid upfront, is also added to the calculations, the state govt was once meant posed to pay a complete advance of Rs 3429.5 crore, leaving in the back of a pendency of Rs 2691.51 crore.
According to Padamjit Singh, a former chief engineer of the ability software, who was once instrumental in submitting a petition in the PSERC following which the regulator had allowed the ability company to invoice the subsidised class of consumers in the state, the subsidy received was once Rs 369 crore for every month up to May, which was once just one third of the entire subsidy quantity. As in line with the tariff order, the state govt is to unencumber a sum of Rs 1143.17 crore every month from April, this yr until January, next yr and Rs 1143.16 crore for the months of February and March 2019.
However, the PSPCL has not yet determined to impose complete tariffs at the subsidised categories of consumers following a dedication given by the state govt that every one pending dues would quickly be cleared.
Chairman cum managing director of the PSPCL Baldev Singh Sarn had just lately stated that farmers and different subsidised categories of consumers will not be billed, but the company will request the state govt to transparent the subsidy invoice on the earliest.
The state supplies subsidised power to of Rs 6256.09 crore to agriculture power connections, a subsidy of Rs 1107.69 crore is to given for domestic provide to agenda caste families, the price of loose power to BPL families is Rs 69.21 crore and that for the backward categories it is Rs 75.43 crore. Small business gets Rs 61.11 crore loose power, whilst the medium business is getting subsidised power price Rs 174.90 crore and the huge business in the state is being introduced loose power price Rs 1204.94 crore.
Despite PSERC verdict, Punjab fails in releasing power subsidy to PSPCL
![Despite PSERC verdict, Punjab fails in releasing power subsidy to PSPCL]()
Reviewed by Kailash
on
June 18, 2018
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