The government asked the National Electric Power Regulatory Authority (Nepra) on Monday to approve the first part of its three-phased subsidy rationalisation plan envisioning the creation of four new tariff slabs. It includes a slight expansion in the definition of lifeline consumers to 100 units per month for a slow reduction of electricity subsidies.
Nepra convened a public hearing on the subsidy rationalisation plan agreed to with the World Bank and the International Monetary Fund.
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It was presided over by Chairman Tauseef H. Farooqi and attended by the provincial members. The regulator was demanded to restrict its current hearing to bifurcate 301-700 unit slab into a full four slabs of 100 units each and redefine the lifeline consumers.
“In the first phase, the tariff structure is to be adjusted to ensure that the most unsafe residential consumers are identified through electricity consumption so that they are partially or fully protected from future price increases,” Nepra was explained.