Electricity prices may drop as 5 IPPs agree to cancel contracts
Five independent power producers (IPPs) have agreed to cancel their Power Purchase Agreements (PPAs) with the government, according to a source from the Task Force on the Power Sector. These agreements are tied to power policies from 1994 and 2002. Though the IPPs will not receive future payments, they will
Nepra warns of higher electricity bills in upcoming months
The National Electric Power Regulatory Authority (NEPRA) has warned of a significant increase in electricity tariffs in the upcoming months. This announcement came on Thursday as the authority noted a 20 percent drop in overall electricity consumption across the country. During a public hearing regarding the Quarterly Tariff Adjustments (QTAs),
Energy minister announces plans for massive reduction in electricity prices
Federal Minister for Power Awais Leghari announced on Wednesday that the government is committed to reducing electricity costs by Rs. 10 to 12 per unit within the next 18 months. He made these remarks while speaking to the media after participating in the Power Reforms Roundtable at the Institute of
Check out new electricity tariff rate for consumers using up to 200 units from Oct 1
Consumers in Punjab are bracing for a significant rise in electricity tariff prices as a temporary relief package on power tariffs is set to end on September 30, 2024. The three-month subsidy, which provided financial respite to households consuming up to 200 units, will lapse, leading to a sharp increase
Govt to raise gas prices this winter to promote electric heating
The government plans to raise gas prices to encourage a shift from gas-based heating to electric heating during winter. A committee led by Petroleum Minister Musadik Malik, including the Nepra chairman and secretaries of Power and Petroleum, has been formed to oversee this change. The Prime Minister formed a committee
Elderly woman commits suicide after using medical savings to pay hefty electricity bill
In a heartbreaking incident, Razia Bibi, a 65-year-old woman suffering from a hernia, took her own life after using her treatment savings to pay an unexpected electricity bill, ARY News reported on Sunday. Razia Bibi had diligently saved money for her hernia operation. However, when faced with an electricity bill
Pakistan to end rooftop net metering for solar panels
During ongoing negotiations with the International Monetary Fund (IMF), Pakistan announced its decision to discontinue the net metering policy for rooftop solar panels. This change will shift to gross metering, potentially making electricity more expensive for consumers. Policy Shift Details According to The Express Tribune’s Shahbaz Rana, Pakistan informed the
Power Division rubbishes reports of increase in electricity prices
The Ministry of Energy’s Power Division (MEPD) dismissed reports on Tuesday regarding an increase in electricity prices. The spokesperson for the Power Division emphasized that there have been no discussions with the IMF concerning raising electricity prices. More to follow
Notification issued for reducing wheat, electricity prices in AJK
WEB DESK: A notification issued by the government outlines significant reductions in the prices of electricity and wheat flour. The AJK Food Department disclosed that the price of a 20kg bag of flour has been lowered to Rs1,000. Additionally, electricity tariffs for domestic consumers utilising 100 units will see a
