The government has announced an increase in the power tariff keeping in view the soaring circular debt of Pakistan.
Federal Minister for Energy Hammad Azhar on Friday apprised the media of this development at a press conference and said that this increase in power tariff of Rs1.39 will be applicable from November 1.
"We now have the capacity to generate enough electricity, therefore we want to increase the demand. We introduced an industrial package last year which has been successful as we have seen a 15% increase in demand,” the minister said.
The minister said that keeping in view the success of this package, the government decided to introduce another package — known as the seasonal electricity package — under which consumers who use an extra unit compared to their last year’s usage will get an extra discount.
Shedding light on further steps, he said that the government has closed old generation companies (gencos), while the National Electric Power Regulatory Authority (NEPRA) has also revised its target from 15% to 13%.
