ISLAMABAD: The federal government on Friday formally submitted a request with the National Electric Power Regulatory Authority (Nepra) seeking a reduction in electricity prices by Rs1.71 per unit.
The petition proposed that the cut in the power tariff will be implemented by increasing tariff differential subsidies.
The proposed reduction will apply to all distribution companies, including K-Electric, from April to June 2025. However, lifeline domestic consumers will not be covered under this adjustment.
As per the details, the regulator will hear the government’s petition on April 4.
It is pertinent to mention that the International Monetary Fund (IMF) approved the reduction of Re1 per unit in the power tariff against a grid levy imposed on industrial captive power plants.
The tariff relief, as per IMF officials, will be extended to all electricity users.
The development follows the staff-level agreement (SLA) reached between the Washington-based lender and Pakistani authorities concerning the first biannual review of the $7 billion Extended Fund Facility (EFF).
During the review talks, the government shared a plan with the IMF staff mission for around Rs2 per unit tariff reduction on account of some savings through the renegotiation of contracts with the independent power producers.
