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Reading: NEPRA’s power tariff hike withdrawn by Fed. Govt.
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PhotoNews Pakistan > Business > NEPRA’s power tariff hike withdrawn by Fed. Govt.
Business

NEPRA’s power tariff hike withdrawn by Fed. Govt.

Web Desk
By Web Desk Published October 22, 2014 1 Min Read
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The government has decided not to burden consumers with the new tariff determined by the National Electric Power Regulatory Authority and maintain it at the current level.

According to an official statement issued yesterday, the decision was taken in accordance with a directive of Prime Minister Nawaz Sharif.

Nepra had determined the tariff for 2013-14 at Rs13.81 per unit while the current average national tariff is Rs11.52.

The government recently notified a 29 paisa per unit equalisation surcharge which it has decided to offset with a reduction of 30 paisa due to fuel price adjustment, causing no adverse impact on consumers.

The government has also decided to continue to provide subsidy to domestic and agricultural consumers to lessen their burden.

The statement said new projects with an estimated generation capacity of about 10,400MW based on cheaper fuel like coal and hydel power were being pursued to reduce the cost of generation.

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