Union Minister for Power and New & Renewable Energy Mr R. K. Singh recently released the 12th Edition of Integrated Rating of Discoms, a principled guide towards making such assessments and thus taking steps for further improvement.
The 12th edition rated the performance of 55 electricity distribution utilities for the year 2022-23, giving 12 utilities the highest ranking of A+.
As per the report State Discoms from five states i.e. Madhya Pradesh, Andhra Pradesh, Bihar, Telangana and Odisha showed the most improvement in absolute cash-adjusted gap largely due to higher subsidies disbursement by state governments (except Odisha) and better cash collections (except Telangana).
Together, their collective absolute cash-adjusted gap reduced by INR 19,000 crore from last year.
APEPDCL was the only discom in the state of AP to receive an A rating. As per the report the discom significantly improved its rating score from a B (in FY22) with an integrated score of 57.8 to an A (in FY23) with an integrated score of 71.2.
Similarly its AT&C (aggregate technical & commercial) losses reduced from 7.8% in FY 22 to 5.9% in FY23.
The top five positions were obtained by Adani Electricity Mumbai Ltd. (AEML) of Maharashtra at first position, Torrent Power Surat of Gujarat at second position, Torrent Power Ahmedabad of Gujarat at third position, followed by Gujarat’s state power utilities Dakshin Gujarat Vij Company Limited (DGVCL) and Uttar Gujarat Vij Company Limited (UGVCL) at fourth and fifth positions respectively.
Among the 42 state government power utilities which have been rated, 9 utilities belonging to Gujarat, Haryana, Karnataka, Madhya Pradesh and AP have earned a rating of either A+ or A. All 11 private discoms have received a performance rating of either A+, A, B or B-.
