Author: Admin

NEPRA reveals a ‘net increase’ in November energy bills. What does this mean for consumers?

Admin
NEPRA

Rising fuel cost adjustments and limited energy diversification put Pakistani consumers at risk of escalating electricity bills. Here’s how the total tariff works and what to expect moving forward. In a recent NEPRA hearing for September’s fuel cost adjustments (FCA), a case officer revealed a potential increase of ‘15 paisa per unit’ in the energy tariffs for XW-Wapda Distribution Companies (Discos) as a result of a negative 71 paisa FCA. If approved, this could lead to higher electricity bills for consumers in November, and it would mean a month-on-month increased…

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Pakistan’s Solar Boom: $2.1 Billion in Solar Panels Imported Amid 155% Power Tariff Hike

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Solar-Panels

ISLAMABAD: Pakistan imported approximately 15 GW of solar panels worth $2.1 billion from China last fiscal year, driven by surging electricity costs—up 155% in three years—according to a recent study, The Great Solar Rush in Pakistan. This shift has led to a 10.4% decrease in grid electricity demand, with further reductions projected, underscoring the need for grid modernization and revised demand forecasts. Launched by Renewables First, the study highlights how high consumption households and industries are adopting solar solutions amid rising power tariffs and decreasing battery costs. Analysts at the…

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Weak Oversight in Oil and Gas Sector Sparks Concerns Over CSR Fund Misuse

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CSR-Funds

ISLAMABAD: The Standing Committee on Energy (Petroleum Division) has raised concerns over inadequate regulatory oversight, leading to the misuse of Corporate Social Responsibility (CSR) funds and uncollected Production Bonus and Training Funds intended for capacity-building by exploration and production (E&P) companies. Chaired by Syed Mustafa Mehmood, the committee convened to examine the allocation, utilization, and transparency of CSR funds within the oil and gas sector. During the briefing, the Secretary of the Ministry of Energy (Petroleum Division) explained that various Petroleum Policies from 1994 to 2012 require E&P companies to…

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ADB Warns Climate Change Could Slash Pakistan’s GDP by 21.1% by 2070

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Climate-Change

ISLAMABAD: Pakistan’s gross domestic product (GDP) could shrink by 21.1% by 2070 under a high-emission climate scenario, according to the Asian Development Bank’s (ADB) latest “Asia-Pacific Climate Report 2024: Catalyzing Finance and Policy Solutions.” The report highlights that climate change impacts could lead to a 17% GDP loss across Asia and the Pacific by 2070, with the region’s GDP losses potentially reaching 41% by the end of the century. Pakistan, along with countries like Bangladesh, India, and Indonesia, is expected to experience the most severe economic impacts, driven by sea…

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China’s NEA Proposes Working Group for Conversion of Power Plants to Local Coal

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Power-Plants

ISLAMABAD: The National Energy Administration (NEA) of China has expressed its willingness to establish an ad hoc working group to facilitate discussions on converting three coal-fired power plants in Pakistan from imported to local Thar coal, according to sources within the Private Power and Infrastructure Board (PPIB). This development aligns with Pakistan’s broader energy strategy to reduce dependency on imports and foster sustainable growth. Representatives from NEA’s International Cooperation and Planning departments, along with Chinese enterprises operating in Pakistan’s energy sector, will engage in the talks. Pakistan’s Ministry of Energy…

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