Uttar Pradesh discoms target Rs 92,000 crore of revenues in FY24

Discoms had posted a deficit of about Rs 16,000 crore in FY21, while the consolidated accumulated losses were to the tune of Rs 70,000 crore

The Uttar Pradesh (UP) power distribution companies (discoms) have pegged their revenue target for the next financial year 2023-24 at more than Rs 92,000 crore.

The UP Power Corporation (UPPCL) and other discoms have now petitioned the UP Electricity Regulatory Commission (UPERC) to approve their annual revenue requirement (ARR) document to allow them to hike power tariffs.

Discoms had posted a deficit of about Rs 16,000 crore in fiscal year 2020-21 (FY21), while the consolidated accumulated losses were to the tune of Rs 70,000 crore.

Poor revenue realisation, high line losses, and cross subsidy to the priority