An initiative to improve transparency into India's distribution sector
and strengthen the country's discoms
  • Avg Power purchase cost increased by 71 paise/kWh during FY23 driven by 8% growth in power demand, more expensive coal imports and higher exchange prices especially during summers
  • While Revenues and state subsidies increased significantly (60 paise/kWh FY23), financial losses on widened. Cash-adjusted ACS-ARR Gap increased to 55 paise/kWh during the year
  • State government disbursed 108% of amounts booked for tariff subsidy during FY23. Further, few states supported financial losses of discoms through subsidy grants totaling INR 44,000 Crore during the year
  • AT&C losses improved to 15.4% in FY23 - Billing Efficiency improved to 87.0% and Collection Efficiency remained high at 97.3%
  • LPS Rules drove reduction in Payables to GenCos and TransCos. Days Payable reduced to 126 days. Days Receivables also reduced to 119 days.
  • Sectoral debt increased INR 70,000 Crore during FY23 to reach INR 6.88 lakh Crore as utilities invested INR 70,000 Crore in CAPEX, liquidated Trade payables and funded operational losses during the year

12वीं एकीकृत रेटिंग डिस्कॉम को उनकी समग्र विशिष्टता व खामियों के साथ-साथ उनके द्वारा सामना की जाने वाली चुनौतियों पर प्रकाश डालने में मूल्यवान होगी

Shri Krishan Pal Gurjar

Hon’ble Union Minister of State of Power and Heavy Industries
Government of India

Shri Krishan Pal Gurjar - image

The 12th Integrated Rating highlights the landmark progress made by the power distribution sector and provides future roadmap to stakeholders for achieving highest standards

Shri R.K Singh

Hon’ble Cabinet Minister of Power and New & Renewable Energy
Government of India

Shri R.K Singh - image

Comprehensive scorecard for​ every DISCOM with rating, ranking and trajectory

Ratings will be dynamic in nature,​ reviewed regularly for key triggers (e.g. audited accounts, default to banks etc.)

Metrics adjusted for actual cash received​ rather than accruals, e.g., ACS-ARR gap, DSCR, Leverage

Interactive digital dashboard​ to view rankings, ratings, historical trends and benchmarking results

Ratings rely on available and verifiable data sourced from audited accounts, regulatory filings and orders, etc.

Robust analytics backed approach​ – weighted average of 3 years data (to normalize anomalies), ability to drill-down from rating dimension to specific metrices

Actionable for DISCOMs​ via specific root causes of under-performance and best practices for improvement