News
NEPRA reduces electricity tariff by 47 paisas per unit
PM welcomes decision, announces more reduction in POL prices from October
INP
ISLAMABAD – National Electric Power Regulatory Authority (NEPRA) on Monday reduced the electricity tariff by 47 paisas per unit.
The reduction in power tariff would apply on next month’s bills. Prime Minister Nawaz Sharif welcomed the decision by NEPRA to cut down the electricity tariff by Rs 0.47 on the details submitted by the Ministry of Water and Power in lieu of monthly fuel price adjustment for October.
On the directions of the prime minister, the Ministry of Water and Power had submitted details of fuel mix for slashing the tariff for the consumers and is following strict merit order for ensuring efficient fuel mix for lowering down the cost of electricity generation.
The prime minister said that the government was also making connected efforts to change the energy mix from thermal to other affordable sources including coal and hydro generation to bring down the cost of electricity production. He said that practical steps were showing results and its benefits were cascading to the masses.
He expressed the hope that further reduction in the oil prices next month would bring considerable solace to the masses at large. He resolved that the government was committed to provide this relief in the coming months as well.
He observed that the provincial governments must also take practical step to ensure relief to the public in lieu of continuing decline in the oil prices.
Courtesy www.dailytimes.com.pk