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Energy rates: Power tariffs could go down by 28%

Electricity tariffs across most of Pakistan could have dropped by as much as 28% on Tuesday, but the National Electric Power Regulatory Authority decided to hold off on its decision to pass on the effects of lower global oil prices onto consumers owing to a dispute on pricing with the Central Power Purchasing Agency.

At a Nepra public hearing in Islamabad, chaired by Tariq Saddozai, the power regulator agreed to a Rs3.21 per unit average cut in the fuel cost component of electricity prices for the month of December 2014, which would be reflected in consumer bills for the month of February onward……… Read More