The National Electric Power Regulatory Authority (NEPRA) has approved the detailed design of the CTBCM.
According to the details, NEPRA has approved CTBCM, which will open a competitive wholesale market for electricity in Pakistan.
According to the detailed design approved by CTBCM, this competitive electricity market will be operational in Pakistan by April 2022, according to NEPRA.
CTBCM will bring business transparency, payment terms and adequate availability of production capacity to meet the country’s electricity demand.
NEPRA says that CTBCM will be beneficial for large consumers especially industries, which will pave the way for the retail sector and regional market after the electricity wholesale market.
NEPRA will fully monitor the CTBCM to ensure completion of the project.
It may be recalled that NEPRA has increased the price of electricity by 48 paisa per unit yesterday. The increase in the price of electricity was made in the context of the August fuel price adjustment.
NEPRA said that the production cost of electricity in August was Rs 3.68 per unit, while the advance fuel cost in August was Rs 3.20 per unit.
Additional recovery from consumers will be made in the November bill, the decision will not apply to electric consumers, the increase in the price of electricity will put a burden of more than Rs 5 billion on consumers.