Delhi's Power Companies Under Audit Scrutiny Over Pension Surcharge

Delhi's Lieutenant Governor VK Saxena has greenlit a special audit of power companies to scrutinize the pension surcharge applied on consumers' electricity tariffs. This audit aims to verify the proper allocation and use of funds collected for pensions. A significant discrepancy of over Rs 1100 crore was previously noted.

In a decisive move, Delhi's Lieutenant Governor VK Saxena has sanctioned a special audit of power companies to investigate the 'Pension Surcharge' incorporated into the electricity tariffs of local consumers.

This initiative, as outlined in an official announcement, seeks to ensure that the surcharges collected are appropriately directed to the Pension trust meant to benefit retired employees of the Delhi Vidyut Board.

Alarmingly, a shortfall exceeding Rs 1100 crore surfaced between the allocated funds by the Delhi Electricity Regulatory Commission (DERC) and the actual amount remitted by DISCOMs to the pension trust over the past seven years.

(With inputs from agencies.)