Author: Admin

Nepra Imposes Fixed Monthly Charges on Domestic Consumers Starting July 1

Admin
Nepra

ISLAMABAD: Starting July 1, 2024, the National Electric Power Regulatory Authority (Nepra) will implement a new electricity tariff structure, introducing fixed monthly charges ranging from Rs200 to Rs1,000 for domestic consumers. This adjustment, aimed at bolstering DISCOs’ revenue, will affect five residential consumer categories based on monthly unit consumption. Domestic consumers using 301-400 units per month will incur a fixed charge of Rs200. Those consuming 401-500 units will pay Rs400, while consumers using 501-600 units will be charged Rs600. For those consuming 601-700 units, the fixed charge will be Rs800,…

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Government Sacks DISCO Boards Amid Massive Losses; Seaports Declared Strategic Assets

Admin
power-subsidy

ISLAMABAD: The government has once again sacked the boards of nine power distribution companies (DISCOs) in light of their significant fiscal losses, amounting to Rs589 billion this year. This marks the second time within a month that the Cabinet Committee on State-Owned Enterprises (CCoSOEs) has taken this action, following previous decisions thwarted by political pressure. Additionally, the government has designated Pakistan’s three major seaports, including Gwadar, as strategic assets. The CCoSOEs appointed retired bureaucrat Himayat Ullah Khan as chairman of the boards for Peshawar, Hazara, and Tribal Areas DISCOs. The…

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Power Production Sees First Increase in 7 Months; Fuel Costs Drop

Admin
Power-Projects

KARACHI: In May 2024, Pakistan’s power sector recorded its first increase in electricity production in seven months, rising by 3% year-on-year to 12,617 gigawatt hours (GWh). This growth was accompanied by a notable 10% reduction in fuel costs, largely due to a surge in hydel generation, which has zero fuel cost. Despite the reduction in fuel costs, electricity distribution companies (DISCOs) are seeking a tariff increase of Rs3.41 per unit under the fuel charges adjustment (FCA) mechanism, attributing this to higher capacity charges amid lower-than-projected power consumption. Month-on-month, power generation…

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PBC Raises Concerns Over Budget Proposals

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PBC-Budget

KARACHI: The Pakistan Business Council (PBC) has expressed serious concerns over certain budget proposals, fearing they will negatively impact the formal, tax-paying sector of the economy. The PBC criticized the government’s focus on significantly increasing the tax-to-GDP ratio without a corresponding reduction in government expenditure, arguing that it places an unfair burden on existing taxpayers. In a statement released on Thursday, the PBC noted that its recommendations to reduce the heavy tax burden on the formal sector were not considered. However, the council acknowledged the government’s efforts to control inflation,…

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Sindh allocates Rs 25 billion to utilize solar energy to electrify off-grid villages as per Bilawal campaign promise

Admin
Sindh-Energy

Karachi The Sindh government, in its newly presented budget for the upcoming financial year 2024-25, has allocated a total of Rs 25 billion to fulfil one of the important election campaign promises of PPP Chairman Bilawal Bhutto Zardari. The promise is to provide free electricity to underprivileged power consumers in the country after coming into power. Sindh’s top authorities have stated on several occasions that the province’s massive solar energy potential will be maximally utilized to generate clean electricity and provide it free of charge to deserving power consumers, as…

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