ISLAMABAD: The Economic Coordination Committee (ECC) of the government has approved the imposition of Rs3.82 per unit fee in order to recover Rs 335 billion from customers in the fiscal year 2023–2024.
Power Division in a summary moved to the ECC meeting presided over by Finance Minister Ishaq Dar stated that the ECC dated 10th February 2023, approved imposition of additional surcharge of Rs 3.39/unit (total surcharge became Rs 3.82/unit) for four months period from Mar-23 to Jun-23.
Further the ECC also approved additional Rs 1/unit for fiscal year 2023-24 (total surcharge for fiscal year 2023-24 becomes Rs 1.43/unit) for the consumer categories as per to cover the mark-up charges of PHL loans not covered through already applicable FC surcharge at the rate of 0.43/unit. The decision was duly ratified by the Cabinet dated 14th February 2023.
The surcharge of Rs. 1.43/unit is anticipated to generate Rs. 126 billion for the fiscal year 2023–2024, which is insufficient to cover the obligations of the electricity producers. These obligations are essentially a federal government duty to pay for electrical services that are related to sovereign guarantees.
