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Maharashtra State Electricity Distribution Company Limited, Mahavitaran or Mahadiscom, MSEDCL. Mahavitaran−MSEDCL is responsible for distribution of electricity throughout the state by buying power from either Mahanirmiti−MSPGCL power plants, or from other state electricity boards and private sector power generation companies.
Bhiwandi, a power loom city, had typical problems like rampant theft and non-payment. MSEDCL opted for an input-based franchisee model for electricity distribution. It has handed over Bhiwandi Circle to M/S Torrent Power on 26 January 2007. This experiment proved to be very successful and a trendsetter in the power distribution sector of the ...
Electronic Clearing Service, or ECS, is an electronic clearing service that facilitates funds transfer between bank accounts. The service was started by Reserve Bank of India providing, both, debit and credit which can be used to pay utility bills. [4]
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
Electronic billing or electronic bill payment and presentment, is when a seller such as company, organization, or group sends its bills or invoices over the internet, and customers pay the bills electronically. [1] This replaces the traditional method where invoices are sent in paper form and payments are done by manual means such as sending ...
Maharashtra State Electricity Transmission Company limited, a wholly owned corporate entity under the Maharashtra Government, was incorporated under the Companies Act, in June, 2005 after restructuring the erstwhile Maharashtra State Electricity Board to transmit electricity from its point of Generation to its point of Distribution.
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It was incorporated under the Electricity Regulatory Commission Act, 1998, of Central Act in August 1999. In 2003, Under Section 82 of the Electricity Act the Commission is continued as regulatory body in state. [5] It was established to promote competition, efficiency and economy in the power sector.