Federal Energy Minister Owais Leghari Addresses Electricity Cost Concerns
In a Senate session on Thursday, Minister Leghari acknowledged the high cost of electricity for the general public, attributing it to the regulator\’s annual price adjustment. He assured that the government has taken measures to minimize the impact, absorbing a Rs440 billion burden to limit the price increase to Rs5.76 per unit.
Key Points:
- 2-9% price increase for the next six months
- Potential decrease of Rs2-3 per unit by January next year if economic factors remain stable
- Industry burden reduced by Rs150 billion
- 25 million consumers pay less than the average cost of Rs35 per unit
- Reforms aim to provide cheaper electricity in 1-1.5 years
- 10,000 megawatts of hydropower to be added
- Privatization of power sector companies to be completed in 1.5 years
- Addressing power crisis in Balochistan, with efforts to improve recovery rates and reduce losses
Minister Leghari hopes that with these efforts, electricity prices will decrease, providing relief to consumers.
