One-time settlement (OTS) scheme, Punjab State Power Corporation Limited (PSPCL)

To bring ease to the consumers of PSPCL through one-time settlement of power payment dues

The Punjab State Power Corporation Limited (PSPCL) newly launched ‘One-time settlement (OTS) scheme’ for its consumers. This scheme is basically launched to settle the pending power dues. It tends lessen the burden of long-term dues of power bill payments. This scheme will contribute as a step towards solving all the disputes between the consumers and the department. Under this scheme consumers will be able to settle the dues as existing on December 31, 2021. This scheme will be in operation for 3 months from April 15, 2021

Scheme Overview:

Scheme name: One-time settlement (OTS) scheme
Scheme Under: Punjab government
Launched By: Punjab State Power Corporation Limited (PSPCL)
Beneficiaries: All the power consumers of PSPCL
Benefit: Will assist in the payment of long-term pending bills
Objective: To bring ease to the consumers of PSPCL through one-time settlement of power payment dues

Scheme Objectives and Benefits:

  • The main objective of the scheme is to provide assistance to the consumers via one-time settlement regarding the overdue power bills
  • Consumers would be able to settle the payments due as on December 31, 2021
  • It is for the benefit of the consumers thereby lessening the burden of overdue power payment
  • This scheme aims at reorganizing the overdue payment structure
  • All types of power consumers with due payments are covered under this scheme

Scheme Details:

  • Punjab State Corporation Limited (PSPCL) launched ‘One-time settlement (OTS) scheme’ for its power consumers in the state
  • It is a scheme launched for benefiting the consumers to settle their dues
  • This scheme envisages one-time bill payment for the overdue power bills by the consumers as on December 31, 2020
  • This scheme will be in operation for 3 months for April 15, 2021
  • To enroll in the scheme the industrial consumers are required to deposit Rs. 2000 to Rs. 5000 as processing fees
  • It will depend on the power load per consumer
  • The fees will be adjusted against the final settlement
  • This scheme will cover all the power consumers with dues and disputes
  • One time settlement of dues will shorten the lengthy payment process
  • It will tend to be a medium to settle the disputes between the consumers and the PSPCL
  • In these difficult times this scheme is a blessing to the consumers of PSPCL with pending power payments
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