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Adani Electricity Mumbai is ranked #1 by Center for Discoms

<p>The Union Power Ministry’s ranking list of India’s 55 power distribution corporations, or discoms, puts Adani Electricity Mumbai at the top.</p>
<p><img decoding=”async” class=”alignnone wp-image-500252″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-electricity-mumbai-is-ranked-1-by-center-for-discoms-img-6304-750×500.png” alt=”theindiaprint.com adani electricity mumbai is ranked 1 by center for discoms img 6304″ width=”996″ height=”665″ title=”Adani Electricity Mumbai is ranked #1 by Center for Discoms 9″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-electricity-mumbai-is-ranked-1-by-center-for-discoms-img-6304-750×500.png 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-electricity-mumbai-is-ranked-1-by-center-for-discoms-img-6304-1024×683.png 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-electricity-mumbai-is-ranked-1-by-center-for-discoms-img-6304-768×512.png 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-adani-electricity-mumbai-is-ranked-1-by-center-for-discoms-img-6304.png 1200w” sizes=”(max-width: 996px) 100vw, 996px” /></p>
<p>Twelve utilities received the highest rating of A+ in the 12th Edition of the Integrated Rating of Discoms, which assessed the performance of fifty-five power distribution utilities.</p>
<p>Torrent electricity Surat came in second, followed by Torrent Power Ahmedabad in third place. Dakshin Gujarat Vij Company Limited (DGVCL) and Uttar Gujarat Vij Company Limited (UGVCL), the state electricity utility of Gujarat, came in fourth and fifth place, respectively, on the list.</p>
<p>Nine state-run electricity utilities in Gujarat, Haryana, Karnataka, Madhya Pradesh, and Andhra Pradesh have received ratings of either A+ or A out of 42 that have been evaluated.</p>
<p>Union electricity Minister R.K. Singh addressed the electricity sector stakeholders at the release event held at Shram Shakti Bhawan here. He thanked the Discoms for their overall performance improvement and stressed the value of ratings in educating the people and enhancing performance.</p>
<p>Additionally, the Union Minister said that AT&C losses for discoms have decreased and have been declining.</p>
<p>“Efficiency in billing has increased, and efficiency in collecting was already excellent. Our goal is to reach 100% efficiency with smart prepaid meters, which would guarantee that discoms’ AT&C losses drop to single digits, the spokesperson said.</p>
<p>He said that a few states that had been underperforming had turned things around. “One of the unexpected observations we have made, though, is that certain states that are considered developed or rapidly developing have given their Discoms lower ratings.”</p>
<p>The Union Minister pointed out that one of the factors contributing to the rise in electricity costs is the fact that many discoms are relying on short-term power purchases, which are inherently more expensive than long-term ones, since they have not committed resources for long-term power supply.</p>
<p>One thing we are trying to get the discoms to do is sign long-term PPAs covering at least 85% of their power needs. Additionally, we have regulations in place that outline the consequences of willful load-shedding. Additionally, we’ve set up platforms for customer complaints resolution,” he said.</p>
<p>The following are the main conclusions of the Integrated Rating of Discoms, 12th Edition:</p>
<p>• In FY23, AT&C losses decreased to 15.4%, billing efficiency increased to 87.0%, and collection efficiency remained strong at 97.3%.</p>
<p>Reduced payables to transmission and generating providers were the result of the Late Payment Surcharge Rules. Days Receivable was likewise lowered to 119 days, while Days Payable was cut to 126 days.</p>
<p>• During FY23, state governments paid out 108% of the sums scheduled for tariff subsidies. Additionally, a few governments provided subsidy payments of Rs 44,000 crores during the year to offset the financial losses incurred by discoms.</p>
<p>• During FY23, the average cost of purchasing electricity rose by 71 paise per kWh due to an 8% rise in power consumption, more costly coal imports, and higher currency rates, particularly during the summer.</p>
<p>• The cash-adjusted gap for each unit of energy, or ACS-ARR gap, grew to 55 paise/kWh in FY23 as a result of procurement costs not being completely passed on to customers.</p>
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