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Saturday, March 02, 2024  
21 Shaban 1445  

Incremental use tariff in the offing for industries

Energy Minister Muhammad Ali clarifies there is no change in solar net metering rate
Interim Energy Minister Muhammad Ali speaks to reporters in Karachi on September 11, 2023. Screengrab via YouTube/PTV News
Interim Energy Minister Muhammad Ali speaks to reporters in Karachi on September 11, 2023. Screengrab via YouTube/PTV News

The caretaker government would re-introduce incremental use tariff for industries before October 31, interim Energy Minister Muhammad Ali.

“We will Insha’ Allah bring an incremental use tariff for all industries in Pakistan before October 31,” he said at a press conference in Karachi. “It was available in the past but was not available to Karachi businessmen, so we will introduce this to provide cheap electricity to the industry.”

Pakistan has been working to boost its economy, which deals with the high cost of electricity and fluctuation in the dollar rate. But in the recent past, the government has cracked down on illegal traders and hoarders of dollars to control the rising value of the dollar.

The caretaker setup was also in talks with the International Monetary Fund to provide relief to electricity consumers who were hit by inflated bills this month.

In addition to this, he added that the government was working on special tariff for winter for industries.

While reacting to social media reports, he clarified that the government was not decreasing the solar net metering rate of Rs19.

“So I want to clear that there is no such thing happening,” he said, “there is no change in solar net metering rate instead I will try to promote it as much as we can.”

Ali added that the government would try to supply as much gas as it can to the industries in the winter season

“Moreover, its pricing regime, where there are some flaws, we will try to improve it so that the industry gets the gas and it runs. So it was agreed with the businessmen and further will be discussed in Islamabad.”

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