Punjab State Power Corporation Limited (PSPCL) had earlier filed a petition under Punjab State Electricity Regulatory Commission (PSERC) RPO Regulation 2011, pleading that net shortfall in RPO compliance in FY2013-14, be allowed to be carried forward to FY 2014-15.
The net shortfall of PSPCL RPO compliance was 7.1 % in Non-Solar and a staggering 36.5% in Solar. RPO compliance specified by the commission for FY 2013-14 was, 3.37 % for Non-Solar & 0.13 % for Solar, which PSPCL did not meet. RPO compliance for current FY 2014-15 is 3.81% in Non-Solar and 0.19% in Solar, much higher than previous FY. PSPCL stated several reasons for the shortfall, which the commission reviewed thoroughly.
The commission finally ordered Punjab Energy Development Agency (PEDA) to speed up development of some delayed RE projects, mainly Hydro, which was the main reason for the non-compliance of RPO by PSPCL.
Considering that some of the reasons for the non-compliance were beyond the control of PSERC, it has allowed the net shortfall to be carried forward to FY 2014-15, but has clearly stated that the RPO of FY 2014-15 along with previous year shortfall have to be strictly complied with by 31st December, 2014 or else heavy penalties will be imposed.
The details can be accessed here.