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0.47 paisa power tariff cut: PM Nawaz pats Nepra; sees another POL price cut next month

0.47 paisa power tariff cut: PM Nawaz pats Nepra; sees another POL price cut next month

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) reduced the electricity tariff by 47 paisa per unit, which would apply on electricity bills the next month.

Prime Minister Muhammad Nawaz Sharif welcomed the Nepra’s decision to reduce electricity tariff by Rs0.47 on the details submitted by the Ministry of Water and Power in lieu of Monthly Fuel Price Adjustment for the month of October 2014.

On the directives of the Prime Minister, the Ministry of Water and Power had submitted details of fuel mix for slashing the tariff for the consumers and is following strict merit order for ensuring efficient fuel mix for lowering down the cost of electricity generation.

The government is also making connected efforts to change the energy mix from thermal to other affordable sources including coal and hydro generation to bring down the cost of electricity production.

The Prime Minister claimed that practical steps taken by the government were showing results and its benefits would be ensured to the masses. He expressed the hope that further reduction in the oil prices next month would bring considerable solace to the masses at large.

The government is committed to provide this relief in the coming months as well, he resolved.

PM Nawaz advised that the provincial governments must also take practical steps to ensure relief to the public on account of reduction oil prices in the country.