Summary The reduction in power tariff will be applicable from December 1.
ISLAMABAD (Web Desk) - The National Electric Power Regulatory Authority (Nepra) on Monday reduced power tariff by 47 paisas per unit for all distribution companies of the Water and Power Development Authority (Wapda).
Prime Minister Muhammad Nawaz Sharif has welcomed the decision to cut down electricity tariff on the details submitted by the Ministry of Water and Power on account of Monthly Fuel Price Adjustment for the month of October 2014.
On the directions of the Prime Minister the Ministry of Water and Power had submitted details of fuel mix for slashing the tariff for the consumers and is following strict merit order for ensuring efficient fuel mix for lowering down the cost of electricity generation.
The government is also making concerted efforts to change the energy mix from thermal to other affordable sources including coal and hydro generation to bring down the cost of electricity production.
The Prime Minister expressed the hope that further reduction in the oil prices next month will bring considerable relief to the masses.
The Prime Minister further observed that the provincial government must also take practical step to ensure relief to the public in lieu of continuing decline in the oil prices in the country.
