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ARTICLE · 13 JULY 2022

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Electricity (Late Payment Surcharge And Related Matters) Rules, 2022

BTG Advaya
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Payment delays in power sector is a major concern for all the stakeholders.

IndiaEnergy and Natural Resources
Parveen Arora
Parveen Arora
Suruchi Kotoky
Suruchi Kotoky
Tanmay Verma
Tanmay Verma
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On June 3, 2022, the Ministry of Power notified the Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 ("LPS Rules"), inter alia to strengthen the regulatory provisions for recovery of outstanding dues of generating companies ("GENCOs"), inter-state transmission licensees ("TRANSCOs"), and electricity trading licensees from distribution companies ("DISCOMs"), bearing in mind the financial implications and stake holder's ability to pay.

Payment delays in power sector is a major concern for all the stakeholders. From time-to-time, various governments have tried to address the issue, and LPS Rules can be considered as government's initiative to bring down the outstanding payment balance.

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