Year: 2021

Electricity trading market from April next: NEPRA

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National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H. Farooqi said on Friday the Competitive Trading Bilateral Contract Market (CTBCM) will be rolled out in April next year. Addressing a webinar on the future of energy organised by Nutshell Group, Mr Farooqi said the fact that the government is the only buyer of electricity from independent power producers and generation companies has created inefficiencies in the power sector. Electricity buyers of one megawatt and more will have the option to buy power on a competitive basis from any producer of…

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Base power tariff to rise by Rs1.39 per unit

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In a major move to revive inflows from the international lending agencies — IMF and the World Bank — the government on Friday announced a countrywide uniform increase in base electricity tariff and a moratorium on new gas connections in all ongoing schemes. Addressing a news conference, Energy Minister Hammad Azhar said the decision to increase the base power tariff by Rs1.39 per unit was taken during a meeting between the World Bank management and Finance Minister Shaukat Tarin that he joined through Zoom link. The minister said the increase…

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Widespread condemnation as govt hikes petrol price by Rs10 per litre

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Petrol-Price

The federal government drew the ire of its political rivals on Saturday after it raised the price of petrol by Rs10.49 per litre and that of high speed diesel (HSD) by Rs12.44 per litre. According to a notification issued by the Finance Division, the new price of petrol, effective from Oct 16 (today), is Rs137.79 per litre while high speed diesel will sell for Rs134.48. Meanwhile, the prices of kerosene and light diesel oil (LDO) were increased by Rs10.95 and Rs8.84 per litre respectively. The new price of kerosene is…

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State of Pakistan’s Power Industry from NEPRA’s Eyes

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By Dr. Shahid Rahim The writer is a freelance consultant specializing in sustainable energy and power system planning and development. He can be reached via email at: msrahim@hotmail.com NEPRA has recently issued its flagship annual State of Industry Report 2021 (“SIR21”). The purpose of such reports generally is to provide an overview of the regulated business, summarize the major developments during a specified period, state the regulator’s position on key issues facing this business, and offer insight into its approach to regulating this business in the future. From this perspective,…

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Finland Wants EU To Give Nuclear Power “Sustainable” Status

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It looks as though Finland is starting to come back around to the idea of nuclear power – and that they plan on taking their advocacy for very-low emission energy to the European Union. The country will now lobby the EU for a “sustainable” label on nuclear power. The EU’s decision on whether or not nuclear is “sustainable” has yet to be made. Despite the fact that plants are emission-free, “nuclear is currently considered only a low-carbon energy source due to emissions caused by mining and transport,” Euractive wrote this…

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