ECC to consider discontinuation of subsidy on power today

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet on Thursday (today) will consider discontinuation of Rs 3 per unit subsidy on electricity available to industrial sector, well informed sources told Business Recorder.

The ECC, in its meeting held on June 7, 2017 had approved Rs3/Kwh subsidy announced by the Prime Minister for the industrial sector.

The committee also decided that a mechanism in the form of policy directive to NEPRA for inclusion in base tariff for the purpose of cross subsidy will be worked out for the subsidy beyond claims of June 2017.

It was also decided that retrospective recovery of Industrial Support Packaged (ISP) claims may be made, under mechanism proposed, if any, adjusted in tariff and subsequent claims of subsidy through the same policy directive.

Published in Dawn, 12th April, 2018