The Power Division has temporarily shelved its plan to rationalize the net metering tariff system, citing public pressure following recent electricity tariff hikes. This decision comes despite earlier directives from the Prime Minister to finalize the reforms by multiple deadlines, most recently on September 30, 2024. According to a news report, the Power Division communicated … Read more
The government has set forth 24 conditions to transition from the existing capacity-based model to a take-and-pay arrangement with Independent Power Producers (IPPs), aiming to lower electricity tariffs for consumers. According to a report by Business Recorder, the proposal is part of ongoing negotiations between the government and IPPs, intended to restructure agreements that have … Read more
ISLAMABAD: Pakistan has shared a new plan with the International Monetary Fund (IMF) to reduce electricity prices by Rs6 per unit by pumping in Rs2.8 trillion — a proposal that is built on highly risky funding sources and might not immediately get the lender’s endorsement. The federal government has told the IMF that out of … Read more
ISLAMABAD: K-Electric (KE) has sought an increase of over Rs3 per unit in electricity tariff on account of fuel charges adjustment for July 2024. In that regard, the National Electric Power Regulatory Authority (Nepra) held a public hearing on Thursday for KE customers. The private power utility requested recovery of Rs3.09 per kilowatt-hour (kWh) from … Read more
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved an increase of up to Rs1.90 per unit in electricity tariff under quarterly adjustment for the fourth quarter of financial year 2023-24, which will result in an overall burden of Rs46 billion on consumers. The amount will be recovered from consumers of state-owned power distribution … Read more
Federal Minister for Energy Awais Ahmed Khan Leghari has defended the independent power producers (IPPs), asserting that these private entities are not responsible for the rising cost of electricity in the country. “The IPP policy is not the cause of expensive electricity,” Leghari told Voice of America during an exclusive interview. “The high cost of … Read more
A person is holding their electricity bill in this illustration. — Geo.tv/File ISLAMABAD: Amid public outcry over inflated power bills, the National Electric Power Regulatory Authority (Nepra) on Wednesday approved a hike of Rs5.76 per unit for K-Electric (KE) consumers. According to the Nepra’s notification, the increase in electricity tariff was part of the fuel … Read more
K-Electric’s (KE) 150-megawatt solar energy projects in Balochistan have achieved a record-low tariff bid of Rs11.2 per unit, setting a new benchmark in Pakistan’s renewable energy sector, according to media reports. The announcement was made during a recent ceremony, highlighting the growing confidence in private sector-led energy initiatives amid the country’s economic challenges. This milestone … Read more
KARACHI: In a landmark development, K-Electric’s (KE) 150-megawatt solar energy projects in Balochistan have achieved the country’s lowest-ever tariff bid, setting a new industry benchmark and marking a pivotal shift in the renewable energy sector. A bid of Rs11.2 per unit, revealed during a ceremony, underscores the trust in private sector-led initiatives, particularly in the … Read more
Former caretaker commerce minister Dr Gohar Ejaz has raised concerns about the steep rise in electricity bills, questioning how the cost per unit has reached as high as Rs80 when the production cost in July was only Rs9 per unit. In a tweet, Dr Ejaz pointed out that in July, the total average electricity generation … Read more