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Electricity price to go up if subsidy not provided, says Chairman NEPRA

NEPRA- National Electric Power Regulatory Authority announced on Thursday that the price of electricity will be increased if the power sector is not given the subsidy.

Tauseef Farooqui – Chairman of NEPRA said due to the government’s policy to not charge domestic consumers during the COVID-19 pandemic, the power distribution companies were under acute financial pressure amid limited commercial and industrial activities while addressing an online seminar.

“Commercial and industrial activities are limited due to the COVID-19 pandemic, which has reduced recoveries,” he added.

“The recoveries of some distribution companies have even dropped down to 40% in the past two months,” Tauseef said.

He also said they would do anything for the consumers, but the government would have to decide on subsidy.

He further said that under these circumstances, either the electricity tariff would be increased or the government would have to give subsidy.

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