Federal Government and NEPRA's Proactive Energy Sector Initiatives

The Federal government has proactively taken steps to comply with the conditions set by the International Monetary Fund (IMF) before the deadline. In the upcoming fiscal year, an estimated Rs2116 billion is projected to be collected from electricity consumers as capacity charges. The base electricity rate has been fixed at Rs27.66 per unit, with Rs9.69 allocated for the electricity price and Rs17.66 for capacity charges. This brings the total expected collection from electricity consumers in FY2024-25 to approximately Rs3277 billion, with Rs1116 billion for electricity charges and Rs2116 billion for capacity charges, aligning with the IMF requirements.

Furthermore, the National Electric Power Regulatory Authority (NEPRA) has made a significant decision regarding the sale of electricity for the upcoming fiscal year, which will have a nationwide impact. NEPRA has also provided detailed cost projections for electricity production in the upcoming fiscal year, ensuring transparency and efficiency in the energy sector.

The proactive measures taken by the Federal government to meet IMF conditions ahead of schedule and the decisions made by NEPRA regarding electricity sales and cost projections demonstrate a commitment to ensuring a stable and sustainable energy sector. These initiatives aim to streamline processes, enhance accountability, and ultimately benefit electricity consumers across the country.