With a special drive, which was started on August 1 to recover pending dues, the soft tariff collection efficiency of Bangalore Electricity Supply Company (Bescom) reached 100.88% in the month, with the surplus collection amounting to ₹16 crores. While the demand (billed amount) was ₹1,840.91 crores, a total of ₹1,857.20 crores were collected, including dues.
In the previous months of April, May and July, there was a shortfall in collection while in the month of June, there was an excess due to the issuing of interest on deposits.
The drive is part of various initiatives by Bescom to overcome the deficit for the ongoing business year of 2022-23. “The company’s financial situation is delicate. We have a deficit of ₹1,412 crore for this business year. To adhere to the business plan, we have been working on certain parameters, including the reduction of loss of revenue and electricity, improvement of revenue generation and recovery of overdues,” said Mahantesh Bilagi, Managing Director, Bescom.
