Dues of power discoms have come down and renewable energy has been added to the mix. But power supply in India has a long uphill battle ahead of it in 2023.
All-India electricity demand is expected to remain healthy at over 7% in FY2023 despite growth slowdown post Q1 of this fiscal, and grow at 5-5.5% in FY2024
Failure of the eligible customer policy of the power sector to impact positively on supply and usage in the country, five years after it was introduced, is not only frustrating, it has emphatically underscored the failure of privatization of the sector.
The government recently turned the heat on power distribution companies (discoms) delaying payments to generating companies, by issuing the Electricity (Late Payment Surcharge And Related Matters) Rules. Mint explores how things have changed since then.
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