Hike in power tariff: ECC takes the decision

Hike in power tariff: ECC takes the decision
Shares

ISLAMABAD - The Economic Coordination Committee (ECC) of the federal cabinet has taken decision over the issue of raise in the electricity prices in the country.

ECC on Monday deferred approval of the summary of Power and Energy Ministry seeking up to 26 per cent hike in power tariff.

The ECC was expected to approve the proposed hike in the power tariff, besides according approval to a new categorized billing structure for different types of consumers. However, the forum deferred a decision on the proposed increase in power tariff.

Sources said that the ECC delayed a decision on the Power Ministry’s summary seeking an increase in electricity price till the next meeting of the committee.

The ECC meeting was presided over by Federal Finance Minister Asad Umer with all other members of the forum in attendance.

Power Ministry has moved a summary to the ECC seeking up to 26 per cent hike in power tariff for different categories of consumers.

Economy