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ARTICLE · 31 AUGUST 2022

Projects, Energy & Infrastructure Monthly Newsletter | August 2022

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The Ministry of Power (MoP), Government of India has introduced the Electricity Amendment Bill, 2022 (Bill) before the Lok Sabha.

IndiaGovernment, Public Sector
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Electricity Amendment Bill, 2022

The Ministry of Power (MoP), Government of India has introduced the Electricity Amendment Bill, 2022 (Bill) before the Lok Sabha. Among other things, the Bill proposes to lay down provisions for the following:

  • Payment Security Mechanism (PSM), to be provided by licensee(s) and is made mandatory (No electricity shall be scheduled or dispatched by NLDC/SLDC/RLDC unless adequate security of payment has been made).
  • A cross subsidy balancing fund in case of issuance of license to more than one distribution company (DISCOM) in an area of supply. Any surplus in the fund shall be utilized to make good deficits in cross subsidy in the same area or other area of supply.

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