For 2020-2021, the report covers 117 utilities comprising 68 discoms, 23 power generation utilities, 22 power transmission utilities and 4 power exchange utilities.
Overall discom losses increased from Rs 30,203 crore in 2019-20 to Rs 50,281 crore in 2020-21, the report said adding that overall losses on tariff subsidy received, excluding regulatory revenue and subsidy revenue under UDAY (discom stimulus scheme) for loan recovery increased from Rs 63,949 crore in 2019-20 to Rs 88,500 crore in 2020-21.
The Ujwal DISCOM Assurance Yojana (UDAY) was launched by the Center in November 2015 for the operational and financial recovery of public nightclubs.
The program aimed to reduce the interest charge, the cost of electricity, electricity losses in the distribution sector and to improve the operational efficiency of discoms.
The study also showed that the gross energy sold by discoms was 10,24,309 MU (million units) in 2019-2020 and 10,05,044 MU in 2020-21, recording a year-on-year decline. the other 1.88%.
Revenue from the sale of electricity, including the tariff subsidy charged, fell by 1.76% over the same period, from Rs 6,43,881 crore in 2019-20 to Rs 6,32,543 crore in 2020- 21.
The tariff subsidy charged by discoms has increased from Rs 1,20,828 crore in 2019-20 to Rs 1,32,416 crore in 2020-21. As a percentage of total revenue, the rate subsidy charged by utilities fell from 16.52% in 2019-20 to 18.53% in 2020-21, he said.
The gap on tariff subsidy billing base increased from Rs 0.24 per kWh in 2019-20 to Rs 0.41 per kWh in 2020-21, it said.
The differential on tariff subsidy received, excluding regulatory revenue and revenue subsidy under UDAY, for loan repossession increased from Rs 0.50 per kWh to Rs 0.71 per kWh during the same period.
The cash-adjusted gap increased from Rs 0.83 per kWh to Rs 0.95 per kWh.
Receivables for the sale of electricity (number of days) increased from 140 days of sale as of March 31, 2020 to 161 days of sale as of March 31, 2021.
Payables for the purchase of electricity (number of days) decreased from 164 days of sale on March 31, 2020 to 176 days of sale on March 31 of last year.
Net worth continues to be negative at Rs 44,160 crore as of March 31, 2021. Total borrowings by discoms increased from Rs 5,05,246 crore to Rs 5,86,194 crore.
He also said that despite continued operational challenges due to COVID-19, all discoms covered in the report submitted audited accounts for 2020-21.
Up to 20 states/UTs have issued tariff orders for 2022-23 on time (by April 1, 2022). 25 states/UT have issued a tariff order as of July 25, 2022, he added.
On the production utilities, it said it made a profit of Rs 2,700 crore in 2020-21, compared to a profit of Rs 3,836 crore in 2019-20. No less than 16 of the 23 producing utilities recorded profits in 2020-21.
Net worth of production utilities increased from Rs 1,10,541 crore as of March 31, 2020 to Rs 1,15,087 crore as of March 31, 2021.
On the performance of transmission utilities, he said that transmission utilities made a profit of Rs 955 crore in 2020-21 compared to a loss of Rs 287 crore in 2019-20.
No less than 15 of the 22 transport utilities recorded profits in 2020-2021.
Net worth of transport utilities increased from Rs 86,503 crore as of March 31, 2020 to Rs 93,614 crore as of March 31, 2021.
On the performance of commercial utilities, he said they made a profit of Rs 16,091 crore in 2020-21 compared to a loss of Rs 4,396 crore in 2019-20.
UTPCL (Uttar Pradesh Power Corporation) recorded a profit of Rs 17,379 crore (mainly due to reversal of write-down of investment amounting to Rs 17,112 crore) in 2020-21 while GRIDCO (Grid Corporation of Odisha) suffered a loss of Rs 1,382 crore, it said.
The net worth of commercial utilities increased from Rs 43,423 crore as of March 31, 2020 to Rs 70,246 crore as of March 31, 2021, he said.