{"id":259643,"date":"2022-01-07T10:30:57","date_gmt":"2022-01-07T05:00:57","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=259643"},"modified":"2022-01-06T18:09:12","modified_gmt":"2022-01-06T12:39:12","slug":"draft-electricity-late-payment-surcharge-and-related-matters-rules-2021-open-for-suggestions-till-jan-10-2022","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/07\/draft-electricity-late-payment-surcharge-and-related-matters-rules-2021-open-for-suggestions-till-jan-10-2022\/","title":{"rendered":"Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021; open for suggestions till Jan 10, 2022"},"content":{"rendered":"<p style=\"text-align: justify;\">The Ministry of Power has issued Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021. The rules provide rates of late payment surcharge, payment security mechanism, penalty, process for adjustment and liquidation of arrears. \u00a0Electricity (Late Payment Surcharge) Rules, 2021 will be repealed by these new rules.<\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><span style=\"color: #0000ff;\"><strong>Key highlights:<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">\n<ul style=\"text-align: justify;\">\n<li>Late Payment Surcharge shall be payable on the payment outstanding after the due date at the base rate for the period of first month default. The rate shall increase by 0.5 percent for every month of delay provided that the Late Payment Surcharge shall not be more than three percent higher than the base rate at any time.<\/li>\n<li>A distribution licensee shall maintain unconditional, irrevocable and adequate Payment security mechanisms. In case of non-maintenance of PSM, Generating Companies, Electricity Trading Licensees and Transmission Licensees shall regulate the power supply. If the Generating Company supplies power without PSM or Advance Payment, the right to collect the LSP will no longer exist.<\/li>\n<li>Also, the obligation of the generating company to supply power shall reduce to 75% and balance 25% of contracted power may be sold by the generating through the Power Exchange.<\/li>\n<li>During the period of default, Distribution Licensee shall continue to be liable for the payment of fixed charges or capacity charges as applicable under the agreement.<\/li>\n<li>In case a distribution licensee does not requisition power from a must-run power plant, the compensation shall be payable by the licensee to the generating company. Bills payable by a distribution licensee to a generating company or a transmission company or a trading company for power procured from it shall be made by the distribution licensee first against the oldest bill and then to the second oldest bill.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<hr \/>\n<h4><span style=\"color: #0000ff;\">*Tanvi Singh, Editorial Assistant has reported this brief.<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Power has issued Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021. The rules provide rates of late <\/p>\n","protected":false},"author":121,"featured_media":255125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,13],"tags":[],"class_list":["post-259643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-statutes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021; open for suggestions till Jan 10, 2022 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/07\/draft-electricity-late-payment-surcharge-and-related-matters-rules-2021-open-for-suggestions-till-jan-10-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021; open for suggestions till Jan 10, 2022\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Power has issued Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021. The rules provide rates of late\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/07\/draft-electricity-late-payment-surcharge-and-related-matters-rules-2021-open-for-suggestions-till-jan-10-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-07T05:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/10\/MicrosoftTeams-image-60.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prachi Bhardwaj\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prachi Bhardwaj\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/07\/draft-electricity-late-payment-surcharge-and-related-matters-rules-2021-open-for-suggestions-till-jan-10-2022\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/07\/draft-electricity-late-payment-surcharge-and-related-matters-rules-2021-open-for-suggestions-till-jan-10-2022\/\",\"name\":\"Draft Electricity (Late Payment Surcharge and related matters) Rules, 2021; 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HP HC sets aside order passed by Ombudsman","author":"Arushi","date":"September 3, 2024","format":false,"excerpt":"Where the statutory rules authorize the supplier of electricity to demand from the purchaser of a property claiming reconnection or fresh connection, the arrears due by the previous owner\/occupier, the supplier can recover the arrears from a purchaser also.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Himachal Pradesh High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Himachal-Pradesh-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Himachal-Pradesh-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Himachal-Pradesh-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Himachal-Pradesh-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":264406,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/25\/central-electricity-regulatory-commission-payment-of-fees-third-amendment-regulations-2022\/","url_meta":{"origin":259643,"position":3},"title":"Central Electricity Regulatory Commission (Payment of Fees) (Third Amendment) Regulations, 2022","author":"Bhumika Indulia","date":"March 25, 2022","format":false,"excerpt":"The Central Electricity Regulatory Commission has made CERC (Payment of Fees) (Third Amendment) Regulations, 2022 to amend the Central Electricity Regulatory Commission (Payment of Fees) Regulations, 2012. Key amendments: Regulation 7 has been modified to provide that the transmission licensee shall furnish the audited statements of annual transmission charges of\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-100-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-100-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-100-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-100-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-100-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":317765,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/19\/sc-rejects-adani-power-plea-for-late-payment-surcharge-legal-news\/","url_meta":{"origin":259643,"position":4},"title":"SC rejects Adani Power&#8217;s plea for Late Payment Surcharge of Rs. 1376.35 Crores from JVVNL: Understanding Adani power versus Rajasthan Discoms dispute","author":"Editor","date":"March 19, 2024","format":false,"excerpt":"The Supreme Court imposed costs of Rs. 50000 on Adani Power Rajasthan Limited.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Adani Power's plea for Late Payment Surcharge","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Adani-Powers-plea-for-Late-Payment-Surcharge.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Adani-Powers-plea-for-Late-Payment-Surcharge.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Adani-Powers-plea-for-Late-Payment-Surcharge.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Adani-Powers-plea-for-Late-Payment-Surcharge.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":290463,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/24\/power-distribution-companies-have-to-pay-change-in-law-compensation-for-all-additional-charges-levied-by-state-instrumentalities-to-power-generators-legal-research-legal-news-updat\/","url_meta":{"origin":259643,"position":5},"title":"Supreme Court explains what qualifies as \u2018Change in Law\u2019; directs DISCOMS to compensate Power Generators for all additional charges levied by State instrumentalities","author":"Apoorva","date":"April 24, 2023","format":false,"excerpt":"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.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"change in law","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/change-in-law.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/change-in-law.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/change-in-law.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/change-in-law.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/259643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=259643"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/259643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/255125"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=259643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=259643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=259643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}