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DERC to appoint CAG empanelled auditors

Press Trust of India  |  New Delhi 

The Electricity Regulatory Commission (DERC) has said it would appoint CAG empanelled auditors for regulatory audits of power discoms in the national capital.

The auditors will review power purchase cost, billed, collected, overhead and maintenance expenses, non tariff income, costs, reconciliation of pension charges, and subsidy for 2016-17, DERC said in a statement.

"The assignment will be for regulatory audit of books of account of the distribution licensees (BRPL, BYPL, TPDDL and NDMC) for True Up (reconciliation of accounts) of the financial year 2016-17," it said.

The information gathered through the audit will be used for 'True Up' of 2016-17 while finalising the tariff order for 2018-19.

The national capital receives power supply from three discoms -- BRPL, BYPL and TPDDL. The Municipal Council (NDMC) area has a separate body for the purpose.

BRPL that supplies electricity to south and west has 2.34 million registered consumers. BYPL has 1.58 million consumers in central and east Delhi.

TPDDL supplies power to around 1.5 million consumers in north and north west Delhi.

The discoms are 51:49 per cent joint venture between the private companies and the Delhi government.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 12 2017. 19:13 IST