Under NEPRA’s concessional package, the government will provide subsidies to industrial consumers. The concessional electricity package will be extended till June 30, 2022.
ISLAMABAD: National Electricity Regulatory Authority (NEPRA) has extended a discounted package of electricity tariffs for industrial consumers. Under the package, the government will provide subsidies to industrial consumers. According to details, NEPRA has decided to extend the concessional package of electricity rates for industrial consumers.
Power Division had applied for the extension of the package last month.
NEPRA issued the decision at the request of the federal government. Under the decision, the use of discounted electricity package has been extended till June 30, 2022. The government will subsidize industrial consumers through a concessional package.
The concessional package boosted industrial activities in the country. The ruling will apply to all domestic industries, including electric.
On the other hand, the National Electric Power Regulatory Authority (NEPRA) has postponed its decision to increase the price of electricity in terms of monthly and quarterly adjustments.
K-Electric had filed a petition to increase the price of electricity by Rs 6.31 per unit, saying that in terms of monthly adjustments for January-March 2021, electricity would be Rs 5.95 and for quarterly adjustment for January-March 2021, electricity would be 36 paise.
NEPRA has postponed the decision on the request of K-Electric and a re-hearing will be held in July in which the final decision will be taken.
Chairman NEPRA Tauseef H. Farooqi said that this burden is very high and consumers will be affected by it. May and June fuel adjustment applications should also be submitted. May-June adjustments will reduce the burden on consumers. The price of electricity was to be increased by Rs 1.97 paise for January 2021 adjustment, Rs 2.49 paise for February 2021 adjustment, and Rs 1.49 paise for March 2021 adjustment. K Electric had also requested a reduction of 86 paise in the price of electricity in the April 2021 adjustment.