ISLAMABAD: Online with Prime Minister Imran Khan announcement regarding a reduction of Rs5 per unit in electricity prices, the Ministry of Energy was looking for an incentive package which has been approved by the Economic Coordination Committee (ECC) for from March 2022 to June 2022.
According to a notification issued by the National Electric Power Regulatory Authority (NEPRA), the ECC has approved the following proposals of the summary.
The ECC gave the via free to “XWDISCO and K-Electric commercial consumers with sanctioned load less than 5 kW and non-TOU domestic consumers with monthly consumption up to 700 units (excluding life line consumers) ”eligible for the prime minister is relief package.
The committee approved the relief of the PM package of a reduction of Rs5 per unit in consumer invoice for suitable consumers for the package that will be processed out based on the applicable notification schedule of rate for the period of relief of four months.”
The ETC also approved the “supplementary contribution of Rs106 billion in the head of tariff differential contribution (TDS) and release of the same to the Power Division for implementation of The relief of PM package. “
Notification also to read that the finance division and general accountant Pakistan Revenues (AGPR) will issue the subsidy in advance to start of each month that will be divided in four rate with Rs26.5 billion each.
The notification further stated that the first installment It will be released on an immediate base. However, the rest of the exits must be made at the beginning of every month (April, May and June). “The adjustment will be presented later after due reconciliation,” it reads. In addition, the committee was authorized to notify PMs package based on the points stated above.
The authority stated that it had no objections to the proposal in what does not affect the rate established by NEPRA.
In February, the premier had announced a guest of economic relief measures. He said the government it was reducing the prices of gasoline, diesel and electricity, while it would not be increased until next budget that will be announced in June.
The prime minister said that the government he had decided to do it reduce gasoline and diesel prices of Rs10 and the electricity tariff will drop of Rs5. “The price of these goods will not rise until the next budget. “
