ECC to decide electricity tariff hike by Rs3.75 tomorrow
Electricity tariff hike by Rs3.75 per unit is expected to be approved in the meeting.
ISLAMABAD (Dunya News) – The government is likely to increase electricity price by Rs3.75 per unit. The final decision will be taken in the Economic Coordination Committee (ECC) meeting going to be held on Monday.
According to sources, the Finance Minister Asad Umer will chair the meeting where electricity tariff hike by Rs3.75 per unit is expected to be approved.
The government will collect additional Rs400 billion after hike in power tariff which is being carried out for 2016-17 and 2017-18.
Earlier on September 26, the Economic Coordination Committee (ECC) of the cabinet had deferred the summary for increase in electricity prices after Finance Minister Asad Umar objected to the tariff determination formula.
The minister sought a clear roadmap for the reduction in losses and improvement in the recovery of bills before the ECC gave its nod for the increase in prices.
The finance ministry in its statement said thatthe consideration of the Ministry of Power’s proposal for a notification of the National Electric Power Regulatory Authority’s (Nepra) determined tariff was delayed until finalisation of a comprehensive plan for the improvement of service delivery.
