The federal government is likely to impose a Rs. 3.23 per unit electricity surcharge for FY26 to finance a Rs. 1.25 trillion debt restructuring plan aimed at reducing circular debt.
According to a report by AKD Securities, the surcharge will cover both principal and interest repayments, replacing the previous surcharge, which funded only interest.
The new debt arrangement will replace high-cost borrowing such as PHPL loans (KIBOR+2%) and IPP payables (up to KIBOR+4%)—with cheaper debt at KIBOR–0.9%, saving around Rs. 200 billion annually.
Breakdown of disbursements:
- Rs. 683 billion to retire PHPL debt
- Rs. 280 billion for nuclear plants
- Rs. 220 billion for RLNG-based IPPs
- Rs. 720 billion through renegotiated IPP terms and hydel waivers
The FY26 federal budget also allocates Rs. 250 billion to support the plan.
Separately, NEPRA has cut the average base tariff by Rs. 1.50/kWh for FY26, setting it at Rs. 34.0/kWh—down 4 percent from Rs. 35.5/kWh in FY25.
The cut reflects a Rs. 212 billion reduction in the Power Purchase Price (PPP), including:
- Rs. 186 billion drop in capacity charges (Rs. 1.34/kWh)
- Rs. 36 billion drop in energy charges (Rs. 0.07/kWh)
The approved revenue requirement stands at Rs. 3.52 trillion, down Rs. 247 billion year-on-year. NEPRA has also included Rs. 58.7 billion (Rs. 0.38/kWh) in prior year adjustments. To maintain uniform tariffs across DISCOs and K-Electric, the government will provide a Rs. 249 billion subsidy.
Structural reforms such as early IPP retirements, tariff renegotiations, and industrial captive gas tariff hikes (Rs. 41.9/kWh vs grid at Rs. 32.6/kWh) are expected to shift load to the grid and reduce costs. AKD expects tariffs to remain stable over the medium term, supported by demand growth, captive diversion, lower capacity costs, and anti-theft efforts.
The jokers keep on joking.
The biggest joker is the nation who let these people make fun of them. LOL
So what was the point of decreasing tariffs and creating issues with solar power?
Weren’t we lectured on how solar users “put burden” on other users ? Now who is putting burden on consumers ?
Form 47 mafia govt nay jo paisa awam kay Tax sey loota hay circular debt oss sey kiun nah pay kar rahy?
oss se ye apne perks and salsries increase kar tu rahe hain aur woh bi January se. aur poray mulk mein jo holdings banners aur ads chal rahe hain woh expense kahana se pora karain ye khud tu buhat ghareeb log hain awam buhat rich hai iss lia bhai.
Close IPPs
We r living in a paradise of looters.
Haramzadey pro max
Or Maro us awam ki.ya ha hi isi qabil
لمبے اعداد و شمار دکھا کر عوام کو پھر لوٹنے کا پروگرام بنایا
چودو چودو اِس عوام کو مِل کر چودو ۔۔۔۔۔۔۔۔۔۔۔