Daily Times
May 8, 2021
434553 2767629 nepra akhbarNational Electric Power Regulatory Authority (NEPRA) Friday notified 64 pasia per unit reduction in power tariff for March under monthly fuel price adjustments (FCA).
The Central Power Purchase Agency (CPPA-G) had sought decrease of 61 paisa for the said period on account of FCA under fuel adjustment mechanism.
The consumers would get benefit of Rs.5.5 billion on account of the reduction, it was further said. The FCA of March 2021 shall be charged in the billing month of May 2021 to all consumer categories of XWDISCOs, except life line consumers i.e. having consumption up-to 50 units, domestic consumers consuming up-to 300 units and Agriculture Consumers of all the XWDISCOs.
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There is no point in developing a competitive energy market if the accounts of poorly managed and efficient Discos are to be integrated to ensure a uniform tariff. File photo
The Economic Coordination Committee (ECC) of the cabinet decided in a recent meeting to begin the process for the rationalisation of subsidies a long-time demand of global lending agencies led by the International Monetary Fund (IMF).
The decision was based on a presentation made by Dr Waqar Masood Khan, who headed a Subsidy Cell in the Ministry of Finance before being elevated as special assistant to the prime minister on revenue. Dr Khan is reported to have estimated that the action plan proposed for the first phase of subsidy rationalisation plan covering energy, national food security and national savings could provide a benefit of Rs488 billion per annum.