A major breakthrough in negotiations between the government and Independent Power Producers (IPPs) on electricity tariffs is on the horizon, as both sides have made significant progress toward resolving the issue.
According to sources within the Power Division, the government has agreed to lower the tariff tax on government-owned IPPs. In return, IPPs have reportedly shown a willingness to voluntarily reduce their tariffs in the national interest.
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Consumers may receive welcome news about electricity bill relief as early as next month. All previous deadlocks in the negotiations have been resolved, with discussions now moving swiftly. Over 100 powerhouses are currently under review for potential tariff adjustments.
As part of the agreement, several IPPs will be shut down in phases, while those remaining will benefit from reduced tariffs. Additionally, the government is set to reduce unnecessary taxes, with the Federal Board of Revenue (FBR) having already submitted proposals to that effect.
A special tariff rate for the industrial sector is also expected to be lowered. This development could bring much-needed relief to both consumers and industries facing the burden of high electricity costs.
