The Central Power Purchasing Agency (CPPA) has requested The National Electric Power Regulatory Authority (NEPRA) to increase the price of electricity by Rs1.93 per unit, on basis of a quarterly fuel price adjustment.
If the request is approved, an additional burden of Rs26.5 billion would be transferred to the end consumers. Pakistan agreed with the International Monetary Fund to hike the electricity tariff on a quarterly adjustments basis beginning from this month, according to an IMF report issued in July.
“Eliminating power sector losses on a sustainable basis will require both new pricing policies and improvements in governance and infrastructure,” the IMF said in its report.
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13 November, 2019