Punjab decides to reduce late payment surcharge for discoms

The Punjab State Electricity Regulatory Commission (PSERC) has provisionally reduced the rate of late payment surcharge to 6 per cent per annum if the due date falls between March 24, 2020, and June 30, 2020. This has been done in light of the recent coronavirus pandemic. The late payment surcharge will be paid by Punjab State Power Corporation Limited to the generating companies and Punjab State Transmission Corporation Limited. PSERC has invited comments, suggestions, and objections from stakeholders and the public on the reduced rate of the late payment surcharge. The last date for the submission of comments is April 30, 2020. The next date of hearing has been set for May 7, 2020.


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