Discoms oppose DERC plea, warn of consumer ‘shock’

Delhi's private power distribution companies (discoms) on Tuesday told the Supreme Court that consumers will be saddled with an additional burden of 222,000 crore if it extends the four-year deadline to liquidate regulatory assets to seven years, on the request of the Deihi Electricity Regulatory Commission (DERC).

- Abraham Thomas

The discoms’ submission came in response to a DERC application seeking modification of an August 6 court direction that ordered the return of %31,500 crore in regulatory assets to BSES Yamuna Power Limited (BYPL), BSES Rajdhani Power Limited (BRPL) and Tata Power Delhi Distribution Limited (TPDDL) over four years. DERC sought seven years, arguing it would create less of a “tariff shock” for consumers.