The financial planning of Pakistan at a time when the country is grappling with a massive economic crisis, clearly shows that the federal government is "least bothered" with the plight of the people and just wants to take the easy route and enjoy the ride for however long it is in power.
The new tariff of PKR 5.72 per unit will take effect on July 1. This adjustment is expected to generate an additional PKR 485 billion in revenue for Discos, bolstering the government's position in securing an IMF bailout slated for July.
The National Electric Power Regulatory Authority (Nepra) on Saturday announced an increase in electricity tariff by Pakistani Rupees (PKR) 3.25 per unit, putting an additional burden of PKR 34 billion on power consumers, Pakistan-based The Express Tribune reported.
Under the proposed plan, renewable energy sources are slated to account for a significant portion, with an expected surge to 46 per cent of the total energy mix within the next decade. This surge in capacity, estimated to rise from 42,000MW to 57,000MW, underscores the government's commitmen
Power plants are increasingly turning to long-term coal imports, taking advantage of a market with ample liquidity and availability. This shift came after the National Electric Power Regulatory Authority (NEPRA) streamlined spot imports through procurement guidelines, leading to a significan
In the documents released on its website, the authority mentioned that the hike will be applicable to consumers of all categories, except lifeline consumers, including both consumers of ex-Wapda distribution companies and K-Electric.
The price hike was announced after the NEPRA completed a hearing of a petition by the Central Power Purchasing Agency (CPPA) that demanded a hike in electricity tariffs under monthly adjustment for December 2023.
The CPPA, in its application, has submitted that the total electricity generated with various fuels in November was recorded a 7,547 GWh, for PKR 7.1704 per unit. The total cost of energy was PKR 54,113 million, The Express Tribune reported.