Regulatory capture approaches
And this time there is no opposition. The PPP has, reportedly, gone along with the proposal, with its own chief minister of Sindh voicing strong irritation at Nepra regarding objections to the downward revision of the upfront tariff for Thar coal and wind power
Is this reason enough to shut down the regulator altogether? Absolutely not. This is the job of the regulator, and if Nepra was unable to keep pace with the flood of tariff petitions that has come its way in the past three years due to CPEC and other interest in Pakistan’s power sector, then it has less to do with the regulator itself and more to do with our outmoded power-pricing regime.
Published in Dawn, 4th May, 2017