UI POOL FINANCIAL SETTLEMENT & PAYMENT SECURITY OPTIONS.

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Presentation transcript:

UI POOL FINANCIAL SETTLEMENT & PAYMENT SECURITY OPTIONS

IEGC – Complimentary Commercial Mechanism Para 5 - Payment of UI charges shall have a high priority and the concerned constituents shall pay the indicated amounts within ten(10) days of the statement issue. Para 7 -If payments, against the above UI charges are delayed by more than two days i.e. beyond twelve(12) days from statement issue, the defaulting constituent shall have to pay simple 0.04% for each day of delay.

MITIGATING OPTIONS/PAYMENT SECURITY MECHANISMS Physical Disconnection of feeders at RLDC level. Petition to CERC –For Mitigation of dues. –For penal measures under Section 146 & 149 of Electricity Act Appropriation of the long due arrears from the Central Plan Assistance to the defaulting States. In the form of Letter of Credit (LC) PRESS ESC