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Articles for tag: Electricity, electricity bill, electricity prices, electricity relief, Energy crisis, Energy sector, energy theft, FBR, government policies, industrial development, international condemnation, investment in China, IPP, Ismail Haniyeh, LNG facilities, Load shedding, Minister, Nation, Nawaz Sharif, Pakistan, Pakistan exports, PML-N, prices, Prime, promises, reduce, Shehbaz, Shehbaz Sharif, Subsidies

August 2, 2024

News Desk

Prime Minister Shehbaz promises the nation to reduce electricity prices in Pakistan

Listen to the article Prime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies. He emphasized that providing relief to electricity consumers was a key agenda for PML-N Chairman Muhammad Nawaz Sharif and his administration. Addressing a cabinet meeting, the Prime Minister emphasized the need to reduce electricity prices to boost Pakistan’s exports. He noted that both the agricultural and industrial sectors will find it difficult to expand without a reduction in electricity costs, stressing that competitiveness in industry is closely linked to lower energy prices. Sharif criticized

July 9, 2024

News Desk

Massive overcharging prompts the government to revert to the previous billing method

The federal government has decided to abolish the proportional electricity charging system and return to the previous charging method. Sources revealed that electricity distribution companies had secretly implemented the pro-rata system since March, leading to widespread overcharging issues. Last month, it was revealed that over 0.3 million electricity consumers were moved out of the protected category and had to pay inflated electricity bills in June due to a new pricing system introduced by distribution companies (DISCOs) on the orders of the Ministry of Power. Reading New electricity tariffs: How much will your bill increase? However, this new system resulted in

July 3, 2024

News Desk

Calculate your bill with updated prices

Electricity prices increased for both protected and non-protected consumers from 1 July. The base tariff has been increased by Rs 5.72 per unit, along with a Rs 3.41 per unit increase in fuel charges. Unprotected consumers also faced additional flat taxes and surcharges. The distinction between protected and non-protected consumers is decisive for the determination of electricity bills. Consumers who exceed the monthly limit of 200 units are classified as unprotected, leading to significant cost increases. Even if consumption falls below 200 units in the following months, consumers remain in the unprotected category for six months. After this time, they

May 12, 2024

News Desk

Rashakai SEZ is yet to receive power supply license

Islamabad: The Special Economic Zone (SEZ) at Rashakai, a priority zone under the China-Pakistan Economic Corridor (CPEC), has applied for licenses from the National Electricity Regulatory Authority (Nepra) for distribution and supply of electricity, but the issue remains unresolved. At a recent meeting of the Cabinet Committee on Chinese Investment Projects (CCOCIP), the Department of Energy said that Chinese investors were asking for a “group price” of electricity instead of an industrial tariff. However, the pool price would require a government subsidy, resulting in higher consumer tariffs for SEZs and potentially discouraging investment and relocation of industrial units. The CCOCIP

March 21, 2024

News Desk

Industrialists are pushing for government action on energy

KARACHI: In response to key objectives outlined in the Staff Level Agreement (SLA) of the International Monetary Fund (IMF), industrialists in Karachi urged the newly elected government to adopt a comprehensive strategy to reduce energy costs to revive the ailing industry. They also call for better economic policies and comprehensive reforms. Expressing concerns about the IMF-SLA targets mentioned in the press release, particularly those related to energy, they fear that enforcing these policies without addressing critical infrastructure deficiencies could lead to the shutdown of companies across the country. As both small and large industries face closure, urgent initiatives are needed

March 19, 2024

News Desk

Demand to increase power tariffs above Rs 4/unit

Islamabad: Consumers should brace themselves for another jolt in their electricity bills as the Central Power Purchase Authority (CPPA) has asked for a hike in tariffs by Rs 4.9917 per unit due to fuel charge adjustment (FCA) for February 2024. Following an increase of over Rs 7 per unit in January due to fuel adjustments, CPPA, representing Ex-Wapda Discos (XWDiscos), has filed an application with the National Electricity Regulatory Authority (NEPRA). It said the benchmark fuel charge for February was Rs 4.4337 per unit while the actual cost of energy delivered to Discos was Rs 9.4254 per unit. The requested

March 16, 2024

News Desk

The IMF has assured an increase in electricity tariffs

Islamabad: Pakistan has assured the International Monetary Fund of a timely increase in electricity prices, including recovery of outstanding generation costs totaling more than Rs 210 billion – a move that may help the power sector achieve financial sustainability but at the cost of the people. Islamabad has also assured the global lender that it is ready to hand over power distribution companies to the private sector under concession deals – a promise that marks the first but necessary political departure from the Pakistan Muslim League-Nawaz (PML-N) government. . Last week, Prime Minister Shehbaz Sharif formed a committee to transfer

November 14, 2023

News Desk

The burden of Rs 22.92 billion can be passed on to the existing users

Islamabad: The National Electricity Regulatory Authority (Nepra) on Tuesday said it will allow former Wapda distribution companies (XWDISCOs) as well as K-Electric (KE) to pass on the burden of Rs 22.92 billion to their consumers due to adjustment for the first quarter of the financial year 2023-24 The regulator conducted a public hearing on the request of XWDISCOs to increase the power tariff by Rs 1.25 per unit. The report was submitted due to the quarterly adjustment for the period from July to September 2023. The tariff increase, if approved, will be charged to consumers on their utility bills for

November 14, 2023

News Desk

IMF seeks further increase in electricity tariffs

Islamabad: Pakistan may have to raise electricity prices further and revise down its primary fiscal surplus of Rs 417 billion for the first quarter after the International Monetary Fund (IMF) did not accept the government’s position on fiscal numbers and circular debt. The global lender also raised questions about the role, mandate and powers of the Special Investment Facilitation Council (SIFC) during a briefing by Pakistani authorities on Monday. He raised concerns about SIFC’s expansive role and immunity in its decisions from accountability. In a related development, the government has proposed a 40% tax on around Rs 110 billion in

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