FAISALABAD: The Faisalabad Electric Power Supply Company (FESCO) has recently banned installment payments for electricity bills, citing revenue collection issues.
This move aims to prevent shortfalls, as the previous installment facility was impacting FESCO’s revenue. Before the ban, customers who struggled to pay their electricity bills in one go could visit FESCO offices to opt for two or three installment options.
However, this flexibility came with a cost, affecting FESCO’s financial stability. In related news, the National Electric Power Regulatory Authority (NEPRA) has introduced a new surcharge policy for overdue bills.
Under this policy, a 5% surcharge will be applied to payments made within three days past the due date, while a 10% surcharge will be enforced for payments made after three days.
| Payment Duration | Surcharge |
|---|---|
| Within 3 days past the due date | 5% |
| More than 3 days past due date | 10% |
This revised structure seeks to provide consumers with more flexibility while encouraging timely payments. Previously, a uniform 10% late payment charge was imposed on overdue bills.
