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Power shocks: Discoms need transparency

Only transparent pricing and accounting will help the discoms recover their dues

Topics
Discoms | PFC | Power Finance Corporation

Business Standard Editorial Comment 



Power System Operation Corporation, the national grid operator, earlier this month decided to debar 12 states and a Union Territory from buying electricity in the spot market because of their distribution companies’ (discoms’) pending dues to generators. Some state have since cleared their dues. Such an extreme step by the grid operator has once again highlighted the underlying problem in the power sector. The Union government is trying to rescue the sector through a new scheme, though it remains to be seen if it makes a difference, given the systemic inefficiencies. While the problems in the sector are well known, recent articles by former chief economic advisor Arvind Subramanian and others have showed that the extent of distress is much deeper and requires attention.

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First Published: Thu, August 25 2022. 22:49 IST

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