DISCOMs Current Affairs - 2020

Power Sector: Trancos and Gencos to charge 12% cap on Late Payment Surcharge

On August 22, 2020, the Power Ministry announced that the Generating Companies and the Transmission Companies have been advised to charge Late Payment Surcharge at a rate not exceeding 12% per annum. With this, the financial burden on Discoms is to ease out. Highlights The interest rates in India have been softened over the last Read More…

Real Time Electricity Market launched by Indian Energy Exchange

On June 1, 2020, Indian Energy Exchange launched Real Time Electricity Market (RTM). The main aim of the launch is to help discoms plan their power requirements. Working of the market The market will conduct 48 auction sessions during the day and the power will be delivered within one hour of closure of the bid Read More…

Fourth Tranche of Atma Nirbhar Bharat Abhiyan announced

On May 16, 2020, Finance Minister Nirmala Sitaraman announced the fourth tranche of Atma Nirbhar Bharat Abhiyan. The scheme allocated Rs 20 lakh crores to help people during Lock Down 4.0. Highlights The Government of India is to bring upon policy reforms in eight sectors. This includes coal, minerals, defence production, civil aviation (air space Read More…

Revised draft of Electricity (Amendment) bill, 2020 launched

The Ministry of Power has made changes to the Electricity (Amendment) bill, 2020. This is being done to promote electricity generation from renewable sources. Key Features of the bill Electricity Contract enforcement Authority is to be created Launch of National Renewable Energy Policy Payment security has been made necessary to schedule distribution of electricity and Read More…

Major Relief Measures by Power Ministry during Lock Down

On March 28, 2020, the Ministry of Power approved major relief measures to provide power supply 24/7 to all the consumers. In order to achieve this the generation, transmission and distribution operations are to run continuously round the clock What is the issue? In India, 70% of power generation is coal based. Therefore, it is Read More…