KARACHI: The Employers Federation of Pakistan (EFP) has expressed concern over the recent hike in electricity tariffs by Rs 1.9 per unit.
EFP President Ismail Sattar has expressed hope that the permanent withdrawal of gas supplies to industrial units during the six-month period of energy subsidies announced by the Prime Minister in November is part of the same plan, as industries revive. Stable on these important issues. Steps, he added.
He added, “Since last year, the EFP’s Economic Council has been pushing for a forensic audit of IPPs with whom previous governments had signed expensive power purchase agreements. As a result, capacity payments were paid more in dollar terms. “
Instead of a buyer model, the council proposed creating a competitive market for power purchases in order to create an alternative source of funding to improve the distribution structure, which would meet the country’s 18,500 MW requirement. Does not allow transmission. In such a market, a large number of energy is sold to discos at independent system units in each province. Disco serves as a “retailer” for shoppers.