late payment surcharge

LPS terms under PPA remain binding on parties dehors subsequent tariff regulations: APTEL
Case BriefsTribunals/Commissions/Regulatory Bodies

“Any regulations issued by an Electricity Commission in exercise of its delegated legislative power, are applicable to the PPA executed after the date when those regulations come into force and cannot be applied to the PPAs already executed prior to that date, unless the regulations expressly specify so.”

change in law
Case BriefsSupreme Court

Supreme Court has requested the Union of India along with Ministry of Power to evolve a mechanism so as to ensure timely payment by the DISCOMS to the Generating Companies, which would avoid huge carrying cost to be passed over to the end consumers.