Author: Admin

ECC Approves Annual Electricity Tariff Rebasing from January 1

Admin
power-sector

Islamabad – The Economic Coordination Committee (ECC) of the Cabinet has approved a policy shift in electricity tariff rebasing, setting January 1 as the annual implementation date instead of July. The decision aims to mitigate public dissatisfaction caused by simultaneous tariff adjustments during peak summer months. The meeting, chaired by Finance Minister Senator Muhammad Aurangzeb, approved policy guidelines for the Power Division to amend the regulatory framework, enabling the new rebasing timeline. This change is expected to ease the burden on consumers already dealing with high Fuel Charges Adjustments (FCAs)…

Read More

Trump 2.0 and then some

Admin
New-Project

Pakistan stands at a crossroads with the US as Donald Trump is all set to reenter the White House Choppy waters lie ahead. Pakistan was struggling to recalibrate its foreign policy in a transformed regional and global reality even before United States forces completed their withdrawal from Afghanistan on August 30, 2021. Now, with Donald Trump set to assume the White House on January 20, 2025, things are more uncertain than ever. Pakistan is no longer able to make the most of its geo-strategic location for a seat at the…

Read More

Government Approves Sale of 35% Gas Output to Private Parties

Admin
Gas-OGDCL

Islamabad – The government has issued a statutory order (SRO) permitting exploration and production (E&P) companies to sell up to 35% of newly discovered gas reserves to private entities. This marks a significant increase from the previous cap of 10%, with an annual ceiling of 100 mmcfd. The decision, facilitated by the Special Investment Facilitation Council (SIFC) and a committee led by Deputy Prime Minister Ishaq Dar, resolves a prolonged standoff with state-owned gas companies. E&P firms had expressed concerns over cash flow challenges caused by non-payments from government-run gas…

Read More

Power Companies Seek Rs1.04 per Unit Negative FCA for December, Refund of Rs3.9 Billion Proposed

Admin
K-Electric1

Islamabad – Public sector power companies have proposed a Rs1.04 per unit negative fuel cost adjustment (FCA) for electricity consumed in December 2024, potentially refunding Rs3.9 billion to consumers in February if approved by the National Electric Power Regulatory Authority (Nepra). The Central Power Purchasing Agency (CPPA) filed the petition, highlighting a 1.3% year-on-year increase in power demand and a 13% reduction in fuel costs compared to December 2023. The petition attributes this reduction to a higher base tariff implemented in July 2024 and increased reliance on domestic fuel sources,…

Read More

ECC Approves Winter-Based Power Tariff Re-Basing Amid Regulatory Concerns

Admin
Power-sector

Islamabad – The Economic Coordination Committee (ECC) of the cabinet has endorsed a proposal to shift the annual electricity tariff re-basing timeline from July 1 to January 1, aiming to alleviate consumer burden during high-consumption summer months. The power division’s proposal seeks to stagger the cumulative impact of quarterly tariff adjustments (QTAs), fuel cost adjustments (FCAs), and annual tariff revisions into low-consumption winter months. However, National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar cautioned that implementing the proposal by January 2025 would be impractical due to legal and regulatory…

Read More