RERC Regulations 40Chapter IV · Revenues

Section 40 · Rebate for prompt payment

- For payment of bills of capacity charges and energy charges of generation tariff or of transmission charges or of wheeling charges effected through the letter of credit or by cash/ cheque within 3 days of presentation of bills, a rebate of 2% shall be allowed. If payments are made beyond 3 days through letter of credit or by cash/ cheque but within a period of one month of presentation of bills, a rebate of 1% shall be allowed:Provided that above provision shall not be applicable in case of renewable energy power plant commissioned prior to the commencement of this Control Period.

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