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The electricity appellate tribunal said financial restructuring of BSES discoms would help in making their business sustainable with minimum burden on the consumers. Besides, it has asked the Delhi Electricity Regulatory Commission (DERC) to decide on road map for liquidating the discoms’ regulatory assets. The Commission last week proposed a road map for payment of INR 8,000 crore and interest to the three discoms run by Reliance and Tatas.

The Appellate Tribunal for Electricity’s (APTEL) latest move provides succour for the two discoms — BSES Rajdhani and BSES Yamuna — which has been seeking liquidation of accumulated arrears. The directive came on petition filed by the two discoms which supply power in nearly 70 Percent areas in the city.

Meanwhile, the tribunal has said that financial restructuring would be helpful in sustaining the business of the discoms. “We feel that in view of large regulatory assets which have been accumulated over the years, financial restructuring of the distribution licensees will be very helpful in sustaining the business of the licensees with minimum burden on the consumers,” the tribunal said.

The tribunal said that DERC has to decide a road map for liquidation of the accepted regulatory assets keeping in view the interests of the consumers as well as that of discoms. In the absence of any financial restructuring by the state government, the tribunal said the consumers could not be left at the mercy of the generating companies and the distribution licensees to manage the power supply in the national capital at their own will. In that case, DERC may follow its own road map to remedy discoms’ finances, it added.

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