With revenue plummetting by around 60 per cent in March compared to the same period last year due to drop in electricity consumption, power utilities across AP are now looking at other ways to make up for the losses in the next six months.
The daily average electricity consumption, which was be around 190.5 MU till March 21, came down to 174.5 MU the next day and to 154.5 MU by March 26. As a result, revenue dropped to Rs 158.6 crore, which is just 40 per cent of what was collected in March last year. This has put the discoms in a fix as they cannot make payments to power generators as well as clear debts. tnn