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The International Monetary Fund (IMF) has approved a Re1 per unit reduction in electricity tariffs, providing relief to consumers struggling with rising inflation. The relief will be funded through a gas levy on captive power plants, ensuring financial stability while easing the burden on households. Tariff Relief Plan This electricity tariff reduction applies to all …
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Prime Minister Shehbaz Sharif has announced further reductions in electricity tariffs for domestic consumers and industries. He assured that reforms in the electricity sector would continue to bring relief to the public. Chairing a review meeting in Islamabad on Friday, PM Shehbaz expressed satisfaction with ongoing reforms in the power sector. He said the measures …
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The government has initiated efforts to convert circular debt (CD) in the power sector into public debt. This move is expected to lower electricity tariffs by Rs3.37 per unit, according to reports on Sunday. Additionally, the government plans to restructure $16.26 billion in energy-related debt. This includes loans for hydel, imported coal, Thar coal, wind, …
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Electricity consumers in Pakistan may get temporary relief as the power tariff is expected to drop by Rs1.30 per unit for a month. The Central Power Purchasing Agency (CPPA) has requested a reduction in the monthly fuel price adjustment for December. The CPPA’s petition will be heard tomorrow. According to the request, the estimated fuel …
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Federal Minister for Energy, Awais Leghari, announced significant progress in reducing electricity rates, with ongoing discussions with the International Monetary Fund (IMF) potentially lowering tariffs by Rs10 to 12 per unit. Speaking at the Parliament House, he revealed that renegotiations with Independent Power Producers (IPPs) have already saved the country Rs1,100 billion, directly benefiting consumers. …
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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has asked the government to review Rs15.28 per unit taxes on electricity. The regulator has also questioned the uniform consumer tariff policy, which it says incentivizes inefficiencies in the power sector. In its State of the Industry Report 2024, Nepra warned that high electricity costs are crippling …
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K-Electric has submitted a request to NEPRA to approve a refund of Rs. 4.98 per unit to its consumers. This refund is for overcharged electricity rates in November 2024. The company plans to return Rs. 7.179 billion to consumers in the February 2025 billing cycle. The refund falls under the Monthly Fuel Charges Adjustment (FCA) …
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The federal government has decided to terminate agreements with six independent power producers (IPPs). These IPPs generate costly electricity, adding financial strain to consumers and the government. The terminated contracts cover a combined capacity of 2,396 MW. The decision is part of a broader strategy to reduce electricity tariffs and save money. Officials estimate that …
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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday approved the Winter Package proposed by the federal government, offering discounts to consumers on additional electricity usage. The package is aimed at promoting energy efficiency during the colder months, with reduced rates for domestic, industrial, and commercial consumers. Discounts for Domestic and Industrial Consumers Under …
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Islamabad: The government is set to finalize a major agreement with 18 Independent Power Producers (IPPs). This agreement will transition from “take or pay” model to a “take and pay” model for electricity purchases. This change is expected to significantly cut power costs and optimize the energy payment structure. Deal Expected to Save Rs 70-100 …
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The National Electric Power Regulatory Authority (NEPRA) has approved a fuel charge adjustment (FCA) reduction of PKR 1.28 per unit for the month of September 2024. This decision was taken after the Central Power Purchasing Agency-Guarantee (CPPA-G) submitted a request to NEPRA. The CPPA-G had initially asked for a PKR 0.71 per unit decrease in …
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The National Electric Power Regulatory Authority (NEPRA) has approved an electricity price increase for Karachi, raising the rate by Rs3.03 per unit. This adjustment, part of the July 2024 monthly fuel price adjustment, will impact consumer bills starting in December 2024. This increase comes as K-Electric requested a higher rate, citing rising fuel costs. December …
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ISLAMABAD: Electricity demand in Pakistan has officially crashed, signaling a significant challenge for the energy sector. This drop will likely outweigh a nominal decline in fuel costs next month, resulting in a substantial increase in quarterly tariff adjustments. This situation arises despite the addition of 21,000 MW of generation capacity over the past six years, …
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ISLAMABAD: Power Minister Awais Leghari announced on Friday that the nation would soon hear good news from negotiations with independent power producers (IPPs). He emphasized that they are working to lower electricity prices. However, immediate relief is unlikely. Power Minister Awais Leghari testified before the Senate Standing Committee on Power. He mentioned that he led a …
Continue reading “Power Minister Promises Reforms and Relief in Electricity Sector”
The federal government has launched a series of initiatives aimed at reducing electricity tariffs, acknowledging the severe financial challenges facing the country’s power sector. This move comes as part of a broader effort to address the structural issues plaguing the sector, which has long been a source of concern for both policymakers and the public. …
Continue reading “Government Considers Shutting IPPs to Cut Power Tariffs”
The Korangi Association of Trade and Industry (KATI) has called on the government to immediately release a pending PKR 33 billion electricity subsidy crucial for Karachi’s industrial sector. Addressing an emergency press conference, KATI President Johar Qandhari emphasized the urgent need to address the discrimination faced by Karachi’s industries, which have been deprived of a …
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On Monday morning, a power outage hit major cities in Pakistani including Karachi and Lahore for more than 27 hours because of frequency variation in the national grid system. However, Energy Minister suggests that most of the power has been restored and will be restored quickly due to the efforts of the government and technical …
Continue reading “Karachi to Hit by Water Shortage After Electricity Breakdown”
Pakistan has been trying to conserve energy, gas, electricity, and water and for this matter, IT Ministry has devised a plan to implement the ‘One Room, One Light’ policy. A few weeks earlier, Defense Minister, Khwaja Asif also held a press conference to stress the importance of the conservation of energy by using solar panels, …
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Defence Minister Khwaja Asif has approved the energy conservation plan developed by the government to support the economy and balance energy resources. Khwaja Asif explained the plan in a press conference. Khwaja mentioned that a cabinet meeting was held to discuss the plan in detail and Prime Minister Shahbaz Sharif presided over the meeting. He …
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At the energy conservation meeting at Aiwan e Sadr, President Arif Alvi emphasized the importance of energy conservation plans. He stressed that Pakistan should adopt comprehensive strategies to conserve electricity, gas, and water to provide welfare to people. President Alvi suggested that Pakistan needs to think of new strategies, energy-conserving policies, and their implementation techniques …
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Karachi: K-Electric has decided to take action against power theft, as many as 762 anti-power thefts drive across the city in August and has removed 5,384 illegal connections from its service areas. These kunda-removal drives that took place in different parts of the city, including Surjani, New Karachi, Gulistan-e-Johar, Orangi, Liaquatabad, Nazimabad, Bin Qasim, and …
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Karachi: As the gushing winds started blowing in the port city from Friday morning, K-Electric ensured that the power supply to the city remain stable. However, areas with high incidence of theft and kunda usage were preemptively shut down temporarily in the interest of safety of the residents and the power supply was swiftly restored …
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Karachi: As Karachi continued to receive light to moderate rain with different intervals throughout the day on Monday, K-Electric ensured sustained power supply to the city. The utility’s team continued to remain vigilant and active throughout sporadic weather conditions and ensured the stability of its power supply network. Areas with high incidence of theft and …
Continue reading “KE Ensured Sustained Power Supply During First Spell of Winter Rain”
