BSES Discoms of Delhi, BSES Rajdhani Power Ltd (BRPL) & BSES Yamuna Power Ltd (BYPL), has submitted to the Supreme Court that they were in an unviable financial position and demanded for a 20-25% hike in power tariff to bridge their revenue gap.
According to BYPL & BRPL,
- major portion of the revenue was being spent in purchasing electricity from the government-owned power generating companies
- the firms were denied "cost reflective tariff" from the regulator (DERC).
- BSES Rajdhani Pvt Ltd started with opening overdues of Rs 2,847 crore in January 2014 and by January, 2015, the closing overdues went up to Rs 3,965 crore.
- Similarly, BSES Yamuna Power Pvt Ltd (BYPL) started with opening overdues of Rs 2,394 crore in January 2014 and by January 2015, the closing overdues was Rs 3,590 crore.
BSES Yamuna Power Pvt Ltd (BYPL) and BSES Rajdhani Pvt Ltd (BRPL), which owe money to various power generating PSUs including NTPC and NHPC, had moved the court seeking various reliefs including a direction that the power supply to them should not be cut by the PSUs for ensuring uninterrupted supply in Delhi.
However, Delhi Electricity Regulatory Commission (DERC), opposed the plea of the private discoms saying they have "buffered up" the losses.
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