The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity tariffs by Rs1.99 per unit as part of its quarterly adjustment mechanism. This adjustment applies to the period from January to March 2026 and will be effective for three months, from June through August 2026.
Notably, this tariff reduction will also benefit consumers of K-Electric, ensuring consistent relief nationwide. The cumulative financial relief expected from this adjustment amounts to Rs67.17 billion, reflecting NEPRA’s ongoing efforts to align electricity prices with changes in fuel costs and power procurement expenses.
NEPRA emphasized that this tariff revision is a routine part of its quarterly review process, designed to pass on efficiency gains and cost fluctuations directly to consumers, maintaining transparency and fairness in electricity pricing.
Meanwhile, in a significant development, Prime Minister Shehbaz Sharif has called for an acceleration of the privatisation process of electricity distribution companies (DISCOs). During a review meeting on Tuesday, the prime minister underscored the importance of transparency and timely execution of these reforms, highlighting privatisation of loss-making state-owned enterprises as a top government priority.
The prime minister also stressed the need to establish a robust regulatory framework post-privatisation to ensure effective oversight and enhanced service delivery. Officials updated the meeting on the progress of the privatisation initiative, revealing that the first phase will target Islamabad Electric Supply Company (IESCO), Gujranwala Electric Power Company (GEPCO), and Faisalabad Electric Power Company (FESCO).
Expressions of interest for these three companies have already been published in both national and international newspapers. Additionally, the Cabinet Committee on Privatisation has approved the transaction structure for these sales. Investor roadshows are scheduled to commence this month, with further sessions planned internationally in Saudi Arabia, Türkiye, and China to attract foreign investment.
