Billing and Payment

Billing and Payment

  • Sale of energy is governed by the Bulk Power Supply Agreements (BPSAs)/ Power Purchase Agreements (PPAs) executed between the bulk customers and NEEPCO within the framework of the CERC Tariff Regulations.
  • Shares from the power stations to the customers are allocated by the Ministry of Power, Government of India from time to time. The daily injection / drawal scheduling is done by NERLDC based on Declared Capacities of power stations, allocated shares, requisitions by beneficiaries, collective transactions and open access approvals.
  • Merchant power is sold through collective transactions at power exchange platforms / bilateral transactions (LTA/MTOA/STOA) with open access customers.
  • Bills are raised on the beneficiaries every month for the energy made available to them as reflected in the monthly Regional Energy Accounts (REAs) issued by the NERPC. Bills against bilateral transactions are raised according to the agreed billing cycles on the basis of Bilateral Exchange statements of the monthly REAs.
  • Realization of proceeds from sales to beneficiaries is governed by the applicable CERC regulations, BPSAs/PPAs as well as the Tripartite Agreements between the Government of India, Reserve Bank of India and the respective state governments. Realization of proceeds against bilateral transactions is done in accordance with the agreements with the parties. Proceeds from collective transactions are realized in accordance with provisions of the applicable CERC regulations.
  • Payments are received primarily through electronic transfers / cheques. Beneficiaries are required to maintain irrevocable and revolving Letters of Credit (LCs) in favour of NEEPCO as a Payment Security Mechanism.
  • Rebates are given for timely payments according to the CERC Tariff Regulations.
  • If the payments are not made by the beneficiaries within a period of 45 days from the date of presentation of bill, late payment surcharge is levied as per Electricity (Late Payment Surcharge and Related Matters) Rules, 2022. In case non liquidation of dues beyond 75 days (i.e.  Default trigger date) after presentation of bills, power supply to the beneficiary / Discom is regulated as per above mentioned rule. The beneficiaries / Discoms are required to comply all the provisions of Electricity (Late Payment Surcharge and Related Matters) Rules, 2022 for continuous power supply with them.