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Power Minister Shares Logic Defying Plan to Make Electricity Cheap ...
Federal Minister for Energy Awais Leghari on Monday announced that electricity prices in Pakistan will soon be so cheap that consumers will be able to store power in batteries during the day and use it at night. Speaking via video link at a conference in Lahore, the minister said that major reforms are being introduced in the energy sector to improve efficiency and reduce long-term costs. He stated that Independent Power Producers (IPPs) have effectively been “buried for the future,” adding that the government has withdrawn from the IPP business model and halted plans for adding an additional 10,000 megawatts through such agreements. ALSO READ He said the focus is now shifting towards privatization, smart metering, and encouraging private companies to introduce modern energy solutions. Leghari further said that electricity tariffs will be structured differently for industries and agriculture, with off-peak rates for certain consumer categories being reduced to around 6–7 rupees per unit during daytime hours. The government is working to eliminate defective billing systems by ensuring faulty meters do not remain in operation for extended periods, which currently creates unnecessary financial burden on consumers. The minister added that savings are being achieved in meter procurement and said that electricity distribution companies are expected to be privatized within the next one to two years.
Govt unveils plan to subsidise electric stoves, phase out LPG ...
Business THT Online By THT Online Published: 04:00 pm May 17, 2026 File - A man carries a cooking gas cylinder towards a scooter as residents queue to refill LPG amid fears of shortages following disruptions in global energy supplies due to escalating tensions in the Middle East, in Kathmandu, Nepal, on Friday, March 13, 2026. Skanda Gautam/THT KATHMANDU, MAY 17The government has introduced a long-term strategy to gradually phase out subsidies on liquefied petroleum gas (LPG) and promote the use of electric stoves to curb the rising cost of fuel imports. The Energy Consumption Growth and Export Strategy, 2083, made public by the Ministry of Energy, Water Resources and Irrigation, sets a target to end LPG subsidies by the fiscal year 2092/93. In their place, subsidies will be provided for electric cooking appliances to encourage a shift towards clean energy.The move comes amid soaring import costs. According to the Department of Customs, Nepal imported cooking gas worth Rs 41.65 billion in the first nine months of the current fiscal year. In the previous fiscal year 2081/82, LPG imports totalled Rs 62.58 billion. Data from Nepal Oil Corporation show that around 48,000 metric tonnes of LPG are imported monthly, with a loss of Rs 331.25 per cylinder, currently priced at Rs 2,160.The strategy aims to reduce dependence on imported fuel by boosting domestic electricity consumption, particularly as Nepal's hydropower generation continues to grow. The country's installed hydropower capacity has reached 4,296 megawatts and is expected to rise to 4,500 megawatts by the end of the fiscal year.Authorities say promoting electric stoves will not only reduce import bills but also support environmental sustainability and public health. The Nepal Electricity Authority has already initiated campaigns to expand electric cooking, alongside efforts to strengthen transmission infrastructure and ensure reliable power supply.The government has also outlined complementary measures, including promoting electric vehicles, expanding charging infrastructure, replacing coal-based industrial systems with electric alternatives, and offering concessional electricity tariffs for agriculture.Officials say coordinated efforts among the Ministry of Finance, Ministry of Energy, and other stakeholders will be key to implementing the strategy and achieving its long-term objectives.(With inputs from RSS)
Government Confirms Continued Rise in Electricity and Gas Prices ...
The government also pledged the IMF that the basic electricity tariff hike planned from January 2027 would be fully implemented as part of the reform program.
PM Carney unveils plan to lower electricity costs - BNN Bloomberg
The strategy doesn't say how much money the government is willing to spend to achieve the goal, although it mentions offering tax credits and bringing back ...
