Hey. As someone working in the electricity board, I can tell you what is LPS in electricity bill. LPS in your electricity bill stands for Late Payment Surcharge. As the name suggests. this LPS is a penalty levied by the electricity board when the bill isn’t paid by the due date. Different electricity boards follow different processes for applying this LPS, but there is a broad method used for its calculation.
Calculation of LPS in Electricity Bill
LPS is calculated with slight variation from one board to another. But, I will tell you the broad method.
A specific percentage rate is taken for the outstanding amount of an electricity bill. The rate is added on a per-day basis. Days in terms of duration of delay in the payment is considered. With additional delay, the surcharge keeps on increasing.
So, there are mainly two factors here. The delay in terms of days and the amount pending to be paid post the due date. The more delay you make in paying the arrears, the higher will be the LPS levied by the electricity board.
This is all I have to share with you regarding LPS in an electricity bill. I hope this helps you!
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Some related information:
What is the Penalty for Late Payment of Electricity Bill?
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What is LPS in Electricity Bill?
meet56
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9 months
2025-02-28T15:07:02+00:00 2025-02-28T15:07:03+00:00Comment
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