In view of the lockdown in India due to the coronavirus epidemic (COVID-19 epidemic), the Government of India has now released a relief package for power companies. 24-hour electricity Insurance supply and no charge when the bill is late. In a statement issued by the government, it is said that electricity Insurance consumers will not be able to pay electricity bills for the next three months.
Let us say that there is a 21-day lockdown in the country due to coronavirus. Due to which the business in the country is almost stable. Companies are hurt.
That is why the government has taken huge steps in the first three days.
The government has made a number of big advertisements ranging from free rations to home loan, car loan and credit card EMI payments.
How customers will benefit
The CERC (Central Electricity Regulatory Commission) will not impose late charge surcharges etc. on power distribution companies. Simply put, distribution companies will not charge consumers late fees or penalties.
If you can't pay the bill during this time then you can pay more. There will be no additional charge. Through all these steps, the government aims to provide electricity Insurance 24 hours a day for seven days.
Government announcement on electricity Insurance.
Under the new decision, the government has allowed the companies to distribute electricity Insurance, meaning that these companies can pay the dues of the power generation companies later. Electricity distribution companies will continue to receive electricity Insurance.
They will not be asked to pay immediately. Electricity distribution companies will also have to pay only 50% of the upfront payment. As you can tell that 70% of the electricity Insurance in the country is made up of coal, hence the supply of coal will not be allowed to interfere, hence the railways have been asked to assist in the transportation of coal.
The government announcement on the Corona crisis will be available with a 24-hour electricity Insurance.
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