With state-run electricity companies accepting demonetized currency notes from its customers for payment of electricity bills, four Gujarat government owned power distribution companies (disoms) have registered increase in their collections as on November 19, 2016.
In order to ease the burden on customers, these state discoms have been permitted to accept old currency notes for both outstanding dues and advance payments for future consumption of power. Discoms will accept old currency notes till November 24, 2016.
According to the data provided by Gujarat Urja Vikas Nigam Ltd (GUVNL), the cumulative power bill collections of its subsidiaries, as on November 19, stood at Rs. 2,002 crore as against Rs 1,849 crore in October 2016 and Rs 1,665 crore in November 2015.
“There has been an increase in our revenues as we are accepting demonetized notes as well. Many customers made advance payments too,” said a senior GUVNL official.
While Pachim Gujarat Vij Company Ltd (PGVCL) collected Rs 666 crore and Dakshin Gujarat Vij Company Ltd (DGVCL) Rs 671 crore, the power bill collections of Uttar Gujarat Vij Company Ltd (UGVCL) and Madhya Gujarat Vij Company Ltd (MGVCL) stood at Rs 331 crore and Rs 279 crore respectively. Gujarat Energy Transmission Corporation Ltd (GETCO) and others mopped up Rs 55 crore as on November 19.
According to sources, many customers offered to make advance payments of higher amounts, but according to the Gujarat Electricity Regulatory Commission (GERC) norms, discoms were limited to receiving cash payments of up to Rs 20,000. Any amount above Rs 20,000 has to be paid through cheque. Jonathan Marchessault Authentic JerseyShare This