Summary:
The PSPCL is also yet to get a payment of over Rs 1,200 crore for outstanding power bills of various government departments.The power corporation sold the surplus power at an average cost of Rs 5.4 per unit in the open exchange from June to October. PATIALA: The Punjab State Power Corporation Limited (PSPCL) earned Rs 975 crore up to October 31 this fiscal by selling over 1,800 million units of surplus power to discoms of other states.The additional revenue may have come as a relief for the power discom as the state government is yet to pay for subsidies offered to various categories of consumers. The demand in peak month, June, was 13,000 MW.The PSPCL has to buy power from IPPs or pay them fixed charges against the installed capacity. On Friday, power demand had dropped to 5,000 MW during the day and 3,000 MW during the night in Punjab. However, with fall in prices at the open exchange, the corporation has switched to power-banking arrangements to bring down fixed charges that it has to pay for installed power-generation capacity of independent power producers (IPPs).Under power banking, a state’s discom supplies power to the power company of another state free of cost and then takes free supply from that company during its peak season..