Here is the best of Business Standard's opinion pieces for Wednesday
The claim of providing choice of multiple service providers to power consumers in the Electricity Amendment Bill 2022, is "misleading" and will make state-run discoms loss making entities
The new guidelines expanding consumer choices to green energy will remain subject to the uncertainties and quirks of state policy
"Further, during 2022-23 (April-June), against the requirement of 404.76 Billion Units, the energy supplied was 400.65 BU. There was a shortage of 1% of energy requirement," Union Power Minister said
The world's electricity demand growth is slowing sharply from its strong recovery the previous year as economic growth weakens and energy prices soar following Russia's invasion of Ukraine
The Tamil Nadu government on Monday announced a hike in the power tariff for TANGEDCO consumers proposing an increase of Rs 27.50 (per month) for those using up to 200 units
The Jharkhand cabinet on Friday passed the proposal of giving free electricity to financially weaker consumers up to 100 units per month. The cabinet took the decision on this during a Cabinet meeting
Nearly all the electricity users across categories in Maharashtra will be paying more for every unit of electricity they consume over the next four months, power utilities said on Friday. The Maharashtra Electricity Regulatory Commission (MERC), the sector regulator, has approved discoms' requests for accumulated fuel adjustment charges (FAC), which will result in higher payouts. The FAC charges are for higher costs borne by discoms in arranging power either by way of paying higher charges for short-term power supply or imported coal, which surged because of geopolitical tensions, experts pointed out. Consumers will have to pay the higher FAC for four months till November 2022 billing cycle, industry sources said, adding that the actual payments will differ from discom to discom, and also as per the category a consumer falls under. An official from the state-owned Maharashtra State Electricity Distribution Company (MSEDCL) said the increase is as per the MERC order. "The FAC duly
The amendment pertains to delicensing of power distribution that would have paved the way for any company to supply electricity in an area, after necessary regulatory approval
The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said. As per the filing, the board approved a proposal to raise funds up to Rs 6,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2023-24 in up to twenty tranches/offers. The board also approved another proposal for sanction of a rupee term loan of up to Rs 5,000 crore from commercial banks to meet capital expenditure requirements.
On a sequential basis, total dues in June increased from Rs 1,30,139 crore in May 2022
Under Saubhagya, the Centre provided 60 per cent of the project finance to states for giving connections to rural households, and the rest was borne by states
Electricity generation lower than before as monsoon sets in
The electricity bills from next month will probably have a form with "yes" or "no" option to opt for subsidy
Government seeks another round of power distribution reform and boost renewable energy
Adani was entitled to a sum equivalent to 50 per cent of the outstanding it claims, the court said on February 1
The imported gas-produced electricity could cost Rs 22-23 per unit, pegged at about four-five times current tariffs
Like India, multiple lower middle income countries face power outages
Threshold brought down to 100 kW from 1 Mw; open access allows consumer to buy power from a source of its choice
The Covid-19 pandemic has slowed the progress towards universal access to electricity and clean cooking fuel and technology