APERC closes fourth control period, but fiscal risks rise
The Andhra Pradesh Electricity Regulatory Commission (APERC) has formally closed the Fourth Control Period (FY 2019-20 to FY 2023-24) through a set of major orders issued in late 2025. In transmission, APTRANSCO’s request for a Rs 1,059.75 crore true-down, comprising a claimed surplus of Rs 902.94 crore plus Rs 156.81 crore due to a methodological difference in depreciation calculation, was largely pared back after a detailed item-wise analysis against the approved Multi-Year Tariff Order and…

