Discos seek minor reduction in power tariff despite lower fuel costs
Consumers may get 30 paise per unit relief in April bills if Nepra approves adjustment
Pakistan diverts third LNG cargo as gas demand declines
Government shifts surplus LNG to international market amid low domestic consumption
Govt, banks move closer to deal on Rs1.23 trillion power sector debt resolution: report
Loan restructuring plan includes Rs700 billion at lower rates, fresh Rs523 billion exposure; repayment of this loan will be covered through a Rs2.83/unit Debt Servicing Surcharge on electricity bills
OMC sector posts 39% earnings growth in 1HFY25 despite lower sales
Finance cost reductions, lower taxation boost profits; PSO’s market share declines
Ogra raises RLNG prices for March; SNGPL at $12.94 per mmBtu, SSGCL at $12.72
RLNG rates increase by up to $0.052 per mmBtu amid import cost adjustments
Pakistan’s power sector struggles with low capacity utilisation despite reforms: report
Report highlights inefficiencies, rising costs, and shift towards renewable energy
OMCs strongly oppose refineries’ push for binding “Take or Pay” clause
Enforcing the "Take or Pay" clause without fair market practices will push many small OMCs into severe liquidity crises, risking supply disruptions and potential market exits, warns OMAP
Govt considers net metering rate reduction to ease financial pressure on consumers
Despite the reduction, new users can still recover their investment within four to five years, assures Leghari
Govt mulls lower solar net metering rates, shares plan with IMF officials
Surplus solar power buyback may drop from current Rs27 to Rs10 per unit; tariff restructuring under review
KP launches Rs20bn solar project to provide 130,000 households with free energy
32,500 households to receive free solar panels, batteries, fans, and lights in first phase by selecting through electronic balloting; priority given to vulnerable groups
Govt secures Rs1.25tr loan at lower interest to cut power sector circular debt
Debt to be serviced over six years through Rs2.83 per unit surcharge; Rs463bn expected savings from renegotiated IPP deals
NEPRA reduces electricity tariff by Rs2.12/unit for DISCOs, Rs3/unit for K-Electric
Tariff cut for DISCOs applied under January’s FCA; KE reduction implemented based on December’s FCA
Pakistan industries pay almost twice the power costs of China, India, and US: report
High electricity costs are putting Pakistan’s export competitiveness at a disadvantage
HUBCO subsidiary adopts hybrid tariff model under new deal with govt
Agreement introduces ‘Hybrid Take and Pay’ model; CPPA will make payment of outstanding receivables as of October 31, 2024 within 90 days of approval of Agreement by Cabinet
Refineries urge OGRA to enforce binding supply obligations on OMCs
Five refineries write letter to Ogra to convene an urgent meeting with OMCs to finalise binding clause ensuring local product uplift before imports