Ludhiana January 8 Punjab State Power Corporation Limited (PSPCL) has clarified that as per regulation 18.1 security (consumption) for large supply (LS) consumers with total demand exceeding 100 kva is the amount calculated on the basis of the total load or demand as per the rates specified in the Schedule of General Charges. In an office memo dated January 1 2021 the PSCLP Chief Engineer/Commercial has said that to clear the ambiguity on the calculation of security deposit for LS consumers a meeting of the Supply Code Review Committee was convened on December 15 2020 to discuss the matter. “The committee concluded that the amount recovered from applicants at the time of the registration of A & A (applications and agreement) form – 25 per cent of security (consumption) /additional security (consumption) is an installment and not the total amount of security (consumption)” says the memo. It is therefore clarified that there is no ambiguity that security (consumption) is the amount calculated on the basis of total load/demand for the purpose of deduction under regulation 18 of Supply Code 2014. The PSPCL has further made it clear that in case of the withdrawal of the application before the issuance of demand note the refundable security (consumption) would be after the deduction of the 10 per cent of the total amount of security calculated on the basis of the load and not 10 per cent of the 25 per cent earnest money deposited by the applicants with the A & A Form. The clarification has been issued after it was noticed in many cases that the field offices were calculating refundable security (consumption) after the deduction of 10 per cent of the 25 per cent earnest money and not the 10 per cent of the total amount of security (consumption) on the withdrawal of applications. — OC

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