Electricity (Late Payment Surcharge and Related Matters) (Amendment) Rules, 2024

The Central Government has amended the rules regarding late payment surcharges in the power sector. These amendments likely aim to address issues related to delayed payments by DISCOMs to power generators. The amendments now allow long-term power generators to sell power in the short-term market. This provision offers flexibility to power generators to explore additional avenues for selling their generated power beyond their long-term contracts.