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Saturday, February 11, 2012

We want an answer from DERC that why the prices of Power Tariff are to be increased again, when you have a big list of unexplained discrepancies ?

DERC must reply to the residents of Delhi that :


Why you raised the prices by 22% ?
Why you enhanced the power tariff by 5% for fuel surcharge ?
Why you want to introduce Time of Day power tariff ?
Why you again want to raise the tariff from 18% to 28% ?


Why don't you answer us about the UNEXPLAINED DISCREPANCIES found by you in the Audited statements of Discom's as below :


Revenue collection :
How the revenue collection in April & May can be just 82.36% and 78.44% in case of BRPL & 61.37% ( ? ) and 79.24% in case of BYPL. Where is rest of the money ? What is the actual amount being said to be not collected ? Do they mean they have GIFTED the rest of the money to consumers ? Do they mean, they had targeted collections in the rest of the months ? If yes, how they could not collect it in April & May ? This needs to be checked thoroughly as the collection efficiency is said to be 92.6% & 89.2% respectively, in case of both Discoms.

How the revenue collected in both of the cases i.e. BRPL & BYPL in April is about 40% of the average of rest of the months. Was there any strategy to show lower collections ? What is the actual difference in monetary terms ?

Billing :
There is a clear indication that the game has been played with the consumers in the month of  April & May. The billed units were lesser by 100 MUs & 60 MUs in case of  BRPL / BYPL in the same period during last year.  Moreover, the Billed units in April were 167 MUs lesser than the energy sold by BRPL in March, same year. How the Billed units can be lesser by 167 MUs from March to April in the same year ? This needs to be checked thoroughly as it has raised many doubts on the working of Discom’s. Billing for rest of the months MUST ALSO BE thoroughly rechecked.

Purchase cost :
How the power cost can be raised from 297 Crores to 648 crores in case of BRPL & from 216 Crores to 466 crores in case of BYPL during April to November i.e. in a span of just 6 – 8 months? It’s said the increase was  by 117% & 116% respectively in both the cases. Do you think it matches the national price index ? What was the percentage of increase in the last few years ? Is the increase exhibited now, in the same ratio as that of in earlier years ? What the Auditors have mentioned over it ?

SHOCKING :
It’s even more surprising that in case of both the utilities, the power purchase cost during the month shown in one statement does not match with the corresponding cash flow statements.  

AT & C Losses :
DERC earlier vide its circular had indicated AT&C losses reduced to just 14% to 20% for various Discoms. Than how these have been increased upto 27.36% & 32.28% in both the cases. This must be checked thoroughly as it can have a massive impact on the visible profitability of DISCOM’s.

Collection targets :
Where is the rest of appx. 10% & 7% of the billed amount to be collected. Is it being shown in the Sundry Debtors or they have written it off as bad debts ?

These are the clear cut indications of the anomalies existing in these DISCOM’s and we are sure that there is a big loophole in the whole story.

Please add your valued comments.

Thanks

B S Vohra
President
East Delhi RWAs Joint Front
( A Federation of RWAs )



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