Electricity Regulatory Commission and NEA reach compromise on revenue dispute

Kathmandu, October 31 — Two entities in the energy sector made significant decisions on the same day regarding the trunk and dedicated revenue disputes. The Electricity Regulatory Commission and the board of the Nepal Electricity Authority (NEA) reached a 'win-win' compromise for both the NEA’s management and the industries involved on Wednesday.

During its meeting, the Electricity Regulatory Commission decided to instruct the NEA to determine appropriate installment ratios for the disputed revenue payments and to immediately restore power connections after the first installment is paid. The commission also directed the NEA to make provisions for adjusting any prior payments if the final ruling on pending issues favors the industries.