The Uttar Pradesh Electricity Regulatory Commission (UPERC) has rejected the pleas submitted by two renewable energy generating companies seeking late payment surcharge on bills raised before the adoption of a new tariff on November 21, 2017.
For both the petitions, the respondents were Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) and Uttar Pradesh Power Corporation Limited (UPPCL).
Two companies, PSPN Synergy Pvt. Ltd. and Salasar Synergy Private Limited had petitioned the UPERC seeking directions against UPPCL. The companies had alleged that UPPCL amended the power purchase agreement (PPA) entered between them.
The two renewable generators had also requested the commission to direct UPPCL to pay the late payment surcharge due to a delay in the payment of bills raised by it and to refund the rebate illegally deducted by UPPCL. Read More