The Economic Coordination Committee (ECC) on Tuesday considered a proposal submitted by the Ministry of Energy (Power Division) regarding a winter demand initiative for the industrial and domestic sector.
The ECC considered proposal submitted by the Ministry of Energy (Power Division) regarding a winter demand initiative for the industrial, domestic (ToU and non-ToU consumers exceeding 200 units, commercial and general services consumers of discos and K-Electric to enable optimum use of system generation capacity besides reducing gas demand due to shifting of favourabe demand towards electricity, said a press release.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet held at Finance Division.
The meeting was attended by Minister for Power Sardar Awais Ahmed Khan Leghari, Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, Minister for Commerce, Jam Kamal Khan (virtual), Economic Affairs, Ahad Khan Cheema (virtual), Minister of State for Finance and Revenue Ali Pervaiz Malik, federal secretaries, and senior officers from concerned ministries and departments.
The ECC considered proposal submitted by the Ministry of Energy (Power Division) regarding a winter demand initiative for the industrial, domestic (ToU and non-ToU consumers exceeding 200 units, commercial and general services consumers of discos and K-Electric to enable optimum use of system generation capacity besides reducing gas demand due to shifting of favourabe demand towards electricity.
It was proposed that under the initiative, a tariff of 26.07 Rs/kWh shall be charged to all eligible consumers on the respective incremental consumption, above the benchmark consumption in the corresponding months.
The initiative shall remain applicable for a three-month billing period effective from December 2024 to February 2024.
The benchmark consumption will be the higher of either the relevant month’s consumption in FY2024 or the historical consumption over the past 3 years for the relevant months, based on a formula and terms and conditions laid before the ECC.—APP
