An attempt has been made by the government to lower electricity rates by Rs 10 per unit in an effort to alleviate the burden of capacity payments on electricity users.
There are ongoing talks with independent power producers (IPPs) to adopt a “give electricity, take money” or “take and pay” approach, according to government records.
Capacity payments to idle power plants will no longer exist under this plan, which will only compensate power firms that provide electricity.
According to the government task force’s projections, this strategy might save up to Rs948 billion a year, giving customers a benefit of Rs9.70 per unit.
Rs 1,916Due to capacity charges, consumers currently bear an annual burden of Rs1,916.
Electricity users nationwide will benefit greatly from this capacity cost decrease if the current negotiations with IPPs are successful.
