Power tariff increase taken back
On the directions of Prime Minister Nawaz Sharif, the government has decided not to burden electricity consumers with the new tariff for the year 2013-14 as determined by the National Electric Power Regulatory Authority (Nepra).
The decision has been taken by the prime minister to provide relief to consumers, specially domestic consumers. Power generation in the country is predominately run on expensive fuel which results in a higher generation cost and higher tariff to be paid by the end consumers. The government is making all efforts to absorb the impact of the higher tariff and pass on minimum impact to the end consumers. The power generation mechanism has also been lined up to ensure running of least expensive plants first to ensure that minimum fuel charges are passed on to the consumers.
New projects with an expected capacity of about 10400 MW, based on cheaper sources of fuel like coal and hydropower, are being pursued, which will result in reduction in cost of generation in the coming years.