ISLAMABAD, November 19 2024: The ECC deliberated on a proposal from the Ministry of Energy (Power Division) regarding a winter demand initiative aimed at optimizing system generation capacity while reducing gas demand. This initiative is designed to shift favorable demand towards electricity for industrial, domestic (ToU and non-ToU consumers exceeding 200 units), commercial, and general services consumers of distribution companies (discos) and K-Electric.
Under this proposal, a tariff of Rs 26.07 per kWh would be charged to all eligible consumers on incremental consumption beyond the benchmark consumption for the corresponding months. The initiative will be applicable for a three-month billing period, from December 2024 to February 2025. The benchmark consumption will be based on the higher of either the relevant month’s consumption in FY2024 or the average consumption of the past three years.
The ECC discussed the proposal and approved it, acknowledging that the subsidy-neutral interim relief initiative, worked out by the Power Division, is both timely and relevant in light of the recent surge in electricity tariffs and the reduced demand across various consumer categories.
In addition, the ECC reviewed a proposal submitted by the National Disaster Management Authority (NDMA) for transferring Rs 3.140 billion from the balances of the erstwhile Emergency Relief Cell (ERC) into the NDMA Fund. This fund will be utilized for the Authority’s inland and overseas rescue and relief operations in line with its statutory mandate. The proposal was approved with the condition that the funds, which were sourced from public donations for the relief, rescue, and rehabilitation of flood and earthquake victims, will be strictly used for these purposes.
The decisions made during the meeting reflect the government’s ongoing efforts to manage economic challenges and respond to urgent national needs in an effective and transparent manner.
