The National Electric Power Regulatory Authority (Nepra) listened to the Government’s request on Friday to reduce electricity rates for three months (April-June 2025) in RS1.71 per unit for all consumers throughout the country and reserved their decision, which would be announced later.
During the hearing, it arose that rupees 7.41 per unit reduce energy rates throughout the country announced by Prime Minister Shehbaz Sharif on Thursday included Thursday 1.71 per unit of relief in Levy of Petroleum.
The other factors that contribute to the reduction of the rate is that the adjustment of the second quarter for this fiscal year will include a reduction of RS1.90 per unit.
In addition, a RS1.36 cut per unit will be included in the monthly fuel price adjustment.
In the same way, a reduction of more than re1 per unit is expected in the adjustment of the third quarter. Total relief will amount to around RS6 per unit. After the inclusion of taxes, the relief will reach RS7.41 per unit.
Energy division officials said that Prime Minister’s decision to reduce electricity prices is subject to the economic situation.
While the economic situation remains stable, consumers will continue to receive relief, they added.
Officials also said that the annual exception is not possible at this time, so a relief is provided through quarterly adjustments.
The officials told Nepra that the estimation of oil tax collections in the next three months is 58.7 billion rupees.
They continued that relief in electricity consumers is being provided for three months in the form of oil tax.
The officials informed the forum that in the adjustment of the second quarter, a relief of RS12 billion has been provided through agreements with five independent energy producer (IPPS).
They continued that so far, review agreements have been made with 32 IPP.
Officials also said that conversations with the International Monetary Fund are underway to reduce circular debt.
The relief will be provided to the public once the negotiations reach a final conclusion, they added.
