Adani Electricity Mumbai tops Centre's discom ranking ; Torrent Power takes 2nd, 3rd spot

The top three positions went to private discoms for the financial year 2022-23 that was evaluated. Torrent Power Surat of Gujarat was ranked at the second position and Torrent Power Ahmedabad of Gujarat at the third position. Gujarat’s state power utilities Dakshin Gujarat Vij Company Limited (DGVCL) and Uttar Gujarat Vij Company Limited (UGVCL) won the fourth and fifth positions, respectively.

Since 2012, the Integrated Rating exercise has been carried out on an annual basis as per the methodology approved by the Ministry of Power to evaluate the performance of power distribution utilities. The rating is based on parameters such as overall governance, financial sustainability, performance excellence, and external environment. It is prepared by McKinsey and Company with Power Finance Corporation (PFC) being the nodal agency.

“The public need to know how the discoms are performing and what their efficiencies are. The rating exercise is an important step towards transparency in governance. Besides this, the ratings also aim at encouraging discoms and energy departments which have low efficiencies to improve, as has happened in the past. The ratings are a mirror to the system. A number of utilities have improved their ratings," said RK Singh, Union minister for power and new and renewable energy during the launch.

The aggregate technical and commercial (AT&C) losses of power utilities during the year fell from 16.2 percent to 15.4 percent, driven by a one percentage point increase in billing efficiency, which improved to 87 percent.