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DERC names consultants for audit of discoms

DERC names consultants for audit of discoms


NEW DELHI: Delhi Electricity Regulatory Commission (DERC) has appointed consultants for the “regulatory audit” of the three power distribution companies and NDMC. The CAG-empanelled firms will audit the books of account of the discoms — BSES Rajdhani and Yamuna, and Tata Power Delhi — and New Delhi Municipal Council (NDMC) for the financial year 2016-17.

DERC, the power regulator, declared on Monday that it had selected PDMAG and Co. for Tata Power Delhi, APT and Co. for the BSES discoms and Grewal and Singh for NDMC.

The move, taken up by the quasi judicial body under Electricity Act 2003, comes at a time when the issue of a CAG audit of the discoms since the privatisation of power distribution in 2002, a major demand of AAP, continues to remain sub judice.

The audit will include scrutiny of power purchase cost, transmission charges, any overlapping of banking transactions, violations of cash receipt limits, renewable power purchase obligations, reconciliation of revenue collected through various categories like 8% surcharge, electricity tax and thefts.

DERC has already appointed consultants for “energy audit of the distribution networks” of the four entities. It will include issues like validity of data for energy sales, installation and accuracy of meters, methodology adopted for assessment of energy sales for unmetered consumers, validation of distribution loss figures.

Source: timesofindia.indiatimes
Anand Gupta Editor - EQ Int'l Media Network


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