PVVNL Impresses with A+, ETEnergyworld

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One of the key enablers across all five public discoms has been full realization of booked tariff subsidies, with UP among the states where subsidy dues were completely cleared over the past three years.

Six key discoms of Uttar Pradesh, including private utility NPCL, have shown noticeable improvement in their performance in the 14th Annual Integrated Rating and Ranking of Power Distribution Utilities report, released by the Union power minister Manohar Lal Khattar in Parwanoo, Himachal Pradesh, on Friday.

Leading the charge is Noida Power Company Limited (NPCL), the state’s privately operated discom, which has secured seventh spot with an A+ rating and a score of 96.18, placing it among the top 10 discoms nationwide.

Paschimanchal Vidyut Vitaran Nigam Ltd (PVVNL) emerged as a national standout by earning an A+ rating, a remarkable climb from its B grade the previous year. PVVNL’s score of 86.57 places it among the country’s top performers, and reflects strong strides in financial sustainability, timely payment to power suppliers, and improved cost recovery.

It is also among the select group of discoms that managed to limit days payable to ‘Gencos’ (generation companies) and ‘Transcos’ (transmission companies) to below 60 days, earning full marks in that category.

Dakshinanchal Vidyut Vitaran Nigam Ltd (DVVNL) also saw a significant uplift, progressing from a Cto Brating with a score of 45.04. The discom was recognized for its improved billing and collection efficiency, along with a reduction in technical losses. This progress highlights DVVNL’s growing emphasis on operational streamlining and digitalization.

Madhyanchal Vidyut Vitaran Nigam Ltd (MVVNL) climbed from Cto B-, scoring 38.82, and displayed upward momentum in reducing its ACS – ARR (Average Cost of Supply minus Average Revenue Realized) gap. This improvement is a result of increased cost control measures and better subsidy realization.

Kanpur electricity supply company (Kesco) maintained its Brating, with a stable score of 42.52, signalling consistent performance and steady recovery on key parameters like financial leverage and receivables. Its efforts in adopting digital payment solutions and customer-centric reforms helped it remain competitive.

Purvanchal Vidyut Vitaran Nigam Ltd (PuVVNL), while still rated C, demonstrated meaningful progress by improving its score from 18.76 to 29.38 — an indicator of focused reforms and better revenue management. This improvement reflects stronger billing practices and early results of efforts to reduce aggregate technical and commercial (AT&C) losses.

One of the key enablers across all five public discoms has been full realization of booked tariff subsidies, with UP among the states where subsidy dues were completely cleared over the past three years. This financial support, combined with internal process reforms, is helping the utilities strengthen their base for long-term sustainability.

UP’s progress comes at a time when national metrics are also improving — India recorded its first-ever positive PAT (Profit After Tax) of ₹2,701 crore for all rated discoms combined in FY25. Collection efficiency across the country reached 97 per cent, while billing efficiency climbed to 87.59 per cent, supported by reforms under the Revamped Distribution Sector Scheme (RDSS).

At the national level, Torrent Power (Ahmedabad and Surat) and UGVCL (Gujarat) led the rankings with perfect or near-perfect scores, reflecting mature utility management and near-zero losses.

Member of the central electricity regulatory commission’s advisory committee and chairman of the Uttar Pradesh Rajya Vidyut Upbhokta Parishad, Avadhesh Kumar Verma, called performance upgrade a positive sign for the state’s energy sector.