Adani Electricity Mumbai, Torrent Power Surat top power utility ratings

NEW DELHI : Adani Electricity Mumbai Ltd, Torrent Power Surat and Torrent Power Ahmedabad topped the Power Ministry's integrated rating of electricity distribution companies, or discoms, for FY23.

Dakshin Gujarat Vij Co. Ltd and Uttar Pradesh Vij Co. Ltd are the other issues in the top five.

These companies are among the 14 companies rated A+ by the ministry.

Of 55 public service companies qualified by the Ministry of Energy, four received the A rating, seven the B, 13 the B-, 11 the C and six the C-. No utility received the lowest grade of D.

The 12th edition of the Integrated Classification of Discoms was released on Monday by Union Minister for Power and New and Renewable Energy, RK Singh.

Tata Power Delhi Distribution Ltd has been given A grade while BSES issues have been given B-.

"The rating exercise is an important step towards transparency in governance," Singh said at an event where the ratings were announced. "The ratings also aim to encourage energy departments that have low efficiency to improve, as has happened in the past...of the utilities have improved their ratings."

Aggregate technical and commercial losses for utilities have also reduced, Singh said.

“Billing efficiency has increased and collection efficiency was already high. Our motive behind implementing smart prepaid meters is to increase these efficiencies to 100%, which will also ensure that losses due to AT&C issues are reduced to single digits,” he said.

On rising electricity prices, the Energy Minister said many issues had not tied up resources for long-term electricity supply and were dependent on more expensive, short-term power purchases. He added that electricity demand has grown by 9% in the last two to three years.

On March 2, Mint reported that The problems were struggling to secure short-term electricity supplies. facing the summer and the general elections.

"We are persuading discoms to enter into long-term (power purchase agreements) for at least 85% of their electricity needs," Singh said. "We have established resource adequacy rules, which stipulate that discoms must reserve power to "meet the needs of the areas they serve. “We have also established rules specifying penalties for free load shedding.”

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Posted: Mar 11, 2024, 08:52 pm IST

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