Govt once again defers hike in electricity tariff

Govt once again defers hike in electricity tariff

Islamabad (Staff Report): Federal Government on Monday once again deferred a summary, recommending an increase in the electricity tariff.

The decision has been taken in the Economic Coordination Committee (ECC) meeting, which was chaired by Finance Minister Asad Umar.

The meeting with two items – electricity tariff and a subsidy for consumers of agricultural tube wells in Balochistan – on agenda. However, the ECC deferred its plan to approve the increase in power tariff.

The National Electric Power Regulatory Authority (NEPRA) had proposed an increase of Rs3.98 per unit.

Earlier, the NEPRA had approved Rs.1.16 per unit increase in power tariff under monthly fuel adjustment formula.

The new prince will be applicable to all power distribution companies except for K-Electric.

The Central Power Purchase Agency Guarantee Limited (CPPA-G) had sought Rs 1.50 increase in electricity prices under fuel adjustment for August but the NEPRA approved Rs1.16 hike .