Relief for millions of people of Uttar Pradesh, security money of electricity connection is now back, know the complete process:

News India Live, Digital Desk: Up Electricity Consures: A relief news has come out for the electricity consumers of Uttar Pradesh. Consumers whose smart prepaid meters are being installed here, now they will get security money (security amount) back. This decision is a big relief for those who submitted heavy security while taking electricity connection. UP Electricity Regulatory Commission – Uperc has issued an order in this regard, which will directly benefit millions of electricity consumers of the state.

What is a new order and how will consumers benefit from this?

Actually, electricity companies deposit a security amount at the time of connection with consumers. This amount is as compensation in the case of default or loss in the payment of electricity bill. Now that smart prepaid meters are being installed rapidly in UP, the need for this old security money is over, because the prepaid meter already has to pay electricity.

• Security Money Return: According to the new order of the Regulatory Commission, the security money adjust or refund will be done or refunded by consumers who have smart prepaid meters or are about to be installed. This amount will either be adjusted to their electricity bill or they will be returned directly.
• Method of adjustment: The electricity department can usually adjust this amount in electricity bills for the next few months. For example, if your security money is Rs 2000, the department can adjust Rs 1000-1000 to the next two months bills, or can transfer it directly to your account.
• Millions of consumers benefit: This step has brought relief for millions of domestic and commercial electricity consumers of Uttar Pradesh. Many consumers were waiting for the refund of this security money for years.
• Importance of prepaid meter: Smart prepaid meters help prevent power theft, reduce billing disputes and manage consumers better. In this, consumers recharge electricity as per their convenience, like mobile recharge.

This decision reflects the consumer -friendly policies of the state government and will ensure that the consumers avoid any type of additional financial burden after the smart prepaid meter is installed. This will not only bring transparency in the system of power companies, but will also increase the trust of consumers.