{"id":57109,"date":"2019-11-02T09:16:09","date_gmt":"2019-11-02T04:16:09","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57109"},"modified":"2019-11-01T16:23:24","modified_gmt":"2019-11-01T11:23:24","slug":"ecc-approves-reduction-power-tariff","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-approves-reduction-power-tariff.html","title":{"rendered":"ECC approves reduction in power tariff"},"content":{"rendered":"<p>Islamabad: On Wednesday, the Economic Coordination Committee (ECC) of the cabinet granted a temporary reduction in electricity rates for a segment of domestic and commercial consumers, a news source reported. The tariff has been reduced by almost half the previous amount for consumption of electricity during the winter season.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/ecc-drafts-tax-amendments-bill-gwadar.html\" target=\"_blank\" rel=\"noopener noreferrer\">ECC drafts tax amendments bill for Gwadar<\/a><\/p>\n<p>The committee fixed the rate for electricity at PKR 11.9 per unit for a 24-hour period. As a result, consumers that were paying peak and off-peak rates at the time were provided a relief of PKR 10.09 per unit. The purpose behind this exercise was to utilise the surplus electricity within the winter months. During these period, the demand for electricity drops to between 8,000 and 9,000 MW, which is much lower than the installed capacity of 35,000 MW.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/ecc-approves-pkr-20-billion-for-psx.html\" target=\"_blank\" rel=\"noopener noreferrer\">ECC approves PKR 20 billion for PSX<\/a><strong>\u00a0<\/strong><\/p>\n<p>The Ministry of Energy stated that this decision has been made based on precedents set by various other countries, including Chile. It is expected that this reduction in the per unit rate will lead to the usage of an additional PKR 24 billion worth of electricity in four months. According to reports, this decision was <a href=\"https:\/\/www.zameen.com\/news\/flat-tariff-regime-announcement-expected-electricity-consumers.html\" target=\"_blank\" rel=\"noopener noreferrer\">expected from the ECC<\/a> since the past couple of weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: On Wednesday, the Economic Coordination Committee (ECC) of the cabinet granted a temporary reduction in electricity rates for a segment of domestic and commercial consumers, a news source reported. The tariff has been reduced by almost half the previous amount for consumption of electricity during the winter season. Read:\u00a0ECC drafts tax amendments bill for Gwadar The committee fixed the rate for electricity at PKR 11.9 per unit for a 24-hour period. As a result, consumers that were paying peak and off-peak rates at the time were provided a relief of PKR 10.09 per unit. The purpose behind this exercise was to utilise the surplus electricity within the winter months. During these period, the demand for electricity drops to between 8,000 and 9,000 MW, which is much lower than the installed capacity of 35,000 MW. Read:\u00a0ECC approves PKR 20 billion for PSX\u00a0 The Ministry of Energy stated that this decision has been made based on precedents set by various other countries, including Chile. It is expected that this reduction in the per unit rate will lead to the usage of an additional PKR 24 billion worth of electricity in four months. According to reports, this decision was expected from the&hellip;<\/p>\n","protected":false},"author":74,"featured_media":14890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13735],"persona":[],"class_list":{"0":"post-57109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-ecc-approves-reduction-in-power-tariff"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECC approves reduction in power tariff - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: On Wednesday, the Economic Coordination Committee (ECC) of the cabinet granted a temporary reduction in electricity rates for a segment of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/ecc-approves-reduction-power-tariff.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC approves reduction in power tariff - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: On Wednesday, the Economic Coordination Committee (ECC) of the cabinet granted a temporary reduction in electricity rates for a segment of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-approves-reduction-power-tariff.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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