Discos mint Rs120bn annually by overcharging
The government-owned distribution companies (Discos) are charging consumers double the fuel cost of electricity as advance billing and refunding only half of the overcharged amount on the regulator’s orders, thus earning a windfall revenue of more than Rs120 billion annually.
This was disclosed at a public hearing on Wednesday when the National Electric Power Regulatory Authority (Nepra) ordered the state-run Discos to refund Rs20bn to consumers at the rate of Rs1.71 per unit for overcharging them in July. The refund would be adjusted in the upcoming billing month.
Published in Dawn, 24th August, 2017