Author: Admin

Govt Plans to Convert 3,400 Closed CNG Stations into EV Charging Hubs

Admin
NEPRA-EV

ISLAMABAD: In a bid to accelerate electric vehicle (EV) adoption, the government is considering repurposing 3,400 closed CNG stations into EV charging hubs while lowering electricity tariffs to attract investment. With only eight operational EV charging stations and 94,000 electricity units consumed for EV charging over the past year, the National Electric Power Regulatory Authority (NEPRA) reviewed a proposal on Wednesday to slash the base electricity tariff for EV stations from Rs45.55 to Rs23.57 per unit. NEPRA, however, raised concerns about pricing controls, questioning how operators would be prevented from…

Read More

Nepra Warns KE of Consequences Over Delayed Data Submission

Admin
NEPRA-Office

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has cautioned K-Electric (KE) of serious repercussions for failing to provide timely and complete information as directed. According to Nepra’s order, KE was instructed on May 15, 2024, to submit details on net-metering applications rejected due to overloading of the Common Distribution System and Pole Mounted Transformers (PMTs) within seven days. However, KE did not comply within the stipulated period, despite a reminder issued on June 13, 2024. The company later requested an extension until July 15, 2024—over 30 days past the…

Read More

IMF Open to Reviewing Pakistan’s Power Tariff Cut Plan, Says PM Shehbaz

Admin
pak-imf

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday assured that concerns over the International Monetary Fund (IMF) rejecting Pakistan’s proposal to lower electricity prices have been addressed. Speaking at a federal cabinet meeting, he revealed that IMF Managing Director Kristalina Georgieva expressed willingness to consider Pakistan’s power tariff reduction plan if formally presented. During his recent visit to Dubai, the prime minister discussed economic and investment opportunities with UAE President Sheikh Mohamed bin Zayed Al Nahyan, accompanied by Army Chief General Syed Asim Munir. He also met the IMF chief, highlighting…

Read More

Nepra Notifies Rs1.23 Per Unit Refund, Grills Discos Over Security Deposit Hike

Admin
NEPRA-KE

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a Rs1.23 per unit negative fuel cost adjustment (FCA) for consumers of ex-Wapda distribution companies (Discos) and K-Electric (KE) in their current month’s electricity bills. For Discos, the negative FCA applies to electricity consumed in December, while for KE, it corresponds to consumption in November. However, Nepra’s Member Tariff Mathar Niaz Rana criticized the Rs1.23 per unit adjustment for KE, arguing that the company initially proposed a Rs4.98 per unit refund amounting to Rs7.18 billion. Nepra had calculated an FCA…

Read More

European LNG prices are reaching levels that will hit demand, says Vitol

Admin
LNG prices

NEW DELHI: European prices of liquefied natural gas (LNG) are reaching levels that will start hurting demand, commodities trading firm Vitol’s Chief Executive Russell Hardy said on Wednesday at the India Energy Week conference in New Delhi. Global LNG: Asia spot prices gain amid Russia-Ukraine gas transit concerns He added that he does not see new policies in top producer the United States leading to major change in anticipated LNG supply capacity growth through 2028.

Read More