In an effort to help consumers, the government is attempting to lower electricity costs nationwide.
A task team has started negotiating with 45 more power facilities to reduce electricity rates, according to Ministry of Energy sources.
According to the plan, the profit margin of about 25 state-owned power plants will be cut from 19% to 13%, which will result in an electricity tariff drop of 50 paisa per unit. Moreover, rather than total production capacity, these power plants will now get compensation based on actual electricity generation.
It is anticipated that these actions will result in a Rs2 per unit drop in the overall electricity bill. The task force’s suggestions will probably be brought up for approval in the upcoming cabinet meeting.
