Crossword Genius

Tyrant's 'psychic powers' inspired by E - according to coded dispatch (6)

Ross

I believe the answer is:

despot

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'tyrant's' is the definition.
(synonyms)

'psychic powers inspired by e according to coded dispatch' is the wordplay.
I cannot quite understand how this works, but
'powers' could be 'esp' (abbreviation for extrasensory perception) and 'esp' is present in the answer.
The remaining letters 'dot' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for despot that I've seen before include "Possibly 4 [CZAR]" , "monster?" , "has first of shocks in store" , "Posted to tryant" , "Posted by tyrant" .)

I've seen this clue in The Independent.
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