The Central Power Purchasing Agency (CPPA) has requested a reduction in electricity prices by 65 paisa per unit for October. The National Electric Power Regulatory Authority (NEPRA) will hold a hearing on the application today.
If approved, the reduction will also benefit K-Electric consumers under the monthly fuel price adjustment mechanism. The adjustment reflects changes in fuel costs and generation sources during October.
According to CPPA, hydropower accounted for 27.36% of total electricity produced in October. Local coal contributed 12.76%, imported coal 4.71%, natural gas 9.16%, imported RLNG 19.72%, and nuclear power 22.13%. These figures influence the calculation of monthly electricity prices for consumers across Pakistan.
Earlier, Prime Minister Shehbaz Sharif announced the ‘Roshan Maeeshat Bijli Package’ to support industrial and agricultural growth. The package was unveiled during a meeting with business and sector experts in Islamabad.
Under the scheme, industries and farmers will receive additional electricity at subsidized rates for the next three years, until October 2028. Industries will pay Rs.22.98 per unit for extra electricity, significantly lower than the current rate of Rs.34 per unit. Similarly, the agricultural sector will benefit from additional units at Rs.22.98 per unit, down from the current Rs.38 per unit.
PM Shehbaz Sharif stated that the initiative will substantially reduce electricity costs for both sectors while providing extra electricity units to boost productivity.
The proposed adjustment, if approved by NEPRA, will further ease the burden on consumers by slightly lowering electricity prices for all sectors during October. Officials say the combination of fuel price adjustments and government subsidies will help stabilize the power market and support economic growth.
The hearing today will determine whether the CPPA’s request for reduced electricity prices will be implemented nationwide.
In other news read more about: Electricity Prices to Drop Further in Pakistan as NEPRA Reviews Tariff Adjustments
