Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021
The Ministry of Power through a notification dated 20th December, 2021 has issued the draft Electricity (Late Payment Surcharge and related matters) Rules, 2021. The provisions under these Rules are- Late payment Surcharge; Adjustment towards Late payment Surcharge; Liquidation Arrears; Operationalising the payment Security mechanism & its consequences; Regulation of access to defaulting entities; Supply obligation of the Generating Company; Power not requisitioned by the Distribution Licensee; and Order of payment & adjustment towards Late payment Surcharge. The Electricity (Late Payment Surcharge) Rules, 2021 notified on 22nd February, 2021 shall be repealed. Notwithstanding such repeal, anything done or any action taken under the Electricity (Late Payment Surcharge) Rules, 2021 notified on 22nd February, 2021 shall be deemed to have been done or taken under the corresponding provisions of this Rules.
