PSPCL launches OTS scheme to settle pending power payments |

PSPCL launches OTS scheme to settle pending power payments | Ludhiana News


Ludhiana: Punjab State Power Corporation Limited (PSPCL) has launched a one-time settlement (OTS) scheme for all its consumers except for the AP category of meters. Under the OTS, the consumer would be able to settle pending payments existing as on December 31, 2020. The scheme will be applicable for three months from April 15, and in order to enrol in the scheme, the industrial consumers need to deposit Rs 2,000 to Rs 5,000 as processing fee according to their power load and this fee will be adjusted against the final settlement bill.
Meanwhile businessmen are happy over the development and are of the view that the scheme will help settle the old disputes over pending payments. According to Inderjit Singh Navyug, former president of the United Cycle and Parts Manufacturers Association, “We are thankful to the PSPCL for launch of the OTS scheme, which will help end thousands of litigations and disputes related to outstanding bills of the businessmen with the department. According to the terms and conditions of the OTS conveyed by PSPCL to us, all consumers whose connections have not been disconnected the disputed amount shall be payable with 12% annual interest from the date it became due, meaning only 1% per month. In the case of consumers whose connections have been disconnected, the default amount along with 12% annual interest will be payable along with fixed charges for the period of disconnection subject to maximum of one year. In addition to this, the consumer whose connections have been disconnected will also have to pay security and reconnection fee as applicable in accordance with the schedule of general charges.”

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