If I’m being honest, I came to know what is surcharge in electricity bill just a few weeks back. I had heard of the term but I wasn’t fully aware of the meaning. So, I did some research on the internet and found out that a surcharge means an extra charge, tax or fee that is added to the electricity bill beyond the actual bill.
What is current surcharge in electricity bill?
Let me explain it to you in simpler words. Late payment surcharge can be said to be the charges or fees that are paid by a distribution company or DISCOM to a power generating company or the trader of electricity for procuring the power. It can also be paid by a user who uses a transmission system that delayed the payment of monthly charges way beyond the due date of making the payment.
Let me tell you a few important late payment surcharges rules 2021
Usually the late payment surcharge is paid after the due date has been passed.
Discharge is paid on the outstanding payment which is calculated at the base rate of the late payment surcharge.
It is calculated for the first month of the default
If you continue to not pay your bill on time for successive months the late payments rate would keep on increasing by oh point five per cent for each month of delay.
You should also know that this late payment surcharge should not exceed 3% of the base rate at any point in time
Now you know what is surcharge in electricity bill.
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Authors Of The Question
What is Surcharge in Electricity Bill?
Harish
3006Views
1 Year
2023-08-23T12:45:27+00:00 2023-08-30T16:47:30+00:00Comment
1 Answers
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