The Haryana Electricity Regulatory Commission issued a detailed order on March 17, 2026, reviewing the financial and operational performance of Haryana Vidyut Prasaran Nigam Limited. The order covers the true-up for FY 2024-25, a mid-year review for FY 2025-26, and the approval of the Aggregate Revenue Requirement (ARR) for FY 2026-27.
For FY 2024-25, the Commission finalized the actual expenses of HVPNL against earlier approved estimates. The utility reported a revenue gap of around Rs. 887.16 million in its transmission business. Through the true-up process, the Commission adjusted revenues based on audited accounts to account for any over-recovery or under-recovery. HVPNL had requested higher approvals for employee expenses and foreign exchange variations, but the Commission carefully examined these claims. It approved interest on working capital based on actual figures rather than projections, ensuring financial discipline and transparency.
On the operational side, HVPNL showed strong performance. Its Transmission System Availability reached 99.5965% in FY 2024-25, which is higher than the normative benchmark of 99.20%. This indicates efficient management and reliability of the state’s transmission network.
Looking forward, the Commission approved an ARR of about Rs. 24,018 million for FY 2026-27 for HVPNL’s transmission operations. These costs will be recovered through transmission tariffs charged to key beneficiaries. The major share will be borne by the state’s distribution companies, Uttar Haryana Bijli Vitran Nigam Limited and Dakshin Haryana Bijli Vitran Nigam, contributing around 44.6% and 53.5% respectively. Other users of the network include Northern Railways and some industrial consumers.
In a supportive step for the power sector, the Commission directed that no reactive energy charges will be collected from distribution companies for FY 2026-27. This decision was taken due to a strong balance in the reactive energy pool account, which had over Rs. 5,000 lacs as of September 2025.
The order also covered the State Load Dispatch Centre managed by Haryana Vidyut Prasaran Nigam Limited. The true-up for FY 2024-25 was finalized at Rs. 33.58 million, much lower than the earlier approved Rs. 92.42 million, mainly due to higher non-tariff income. For FY 2026-27, its costs will be shared among generators and distribution companies to maintain grid stability. The revised tariffs and charges will come into effect from April 1, 2026.
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