ICICI Securities: Power Sector Outlook - Metering The Steady Turnaround

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Although the lockdown period was extremely difficult and challenging, it provided few unexpected learning experiences.In power sector, which was already facing stiff challenges, discom liquidity issues during the lockdown period worsened due to high cross subsidy between consumer segments, and the government had to provide support through Rs 900 billion loans Power Finance Corporation (PFC) / Rural Electrification Corporation (REC) among several other measures.In this regard, a key learning has been the efficacy of digital/smart meters and the difference they made to discoms in terms of billing and collection.While majority of discoms with conventional metering technology faced revenue shortages, smart meters enabled discoms to generate 95% billing efficiency and in fact increase average monthly revenue per consumer by 15-20%.Our channel checks in Noida and Patna confirm the stance that consumers are more than willing to pay for reliable 24x7 power and better services, and that smart metering is a win-win for all stakeholders..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Securities: Power Sector Outlook - Metering The Steady Turnaround

ICICI Securities: Power Sector Outlook - Metering The Steady Turnaround

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