On the terms of the International Monetary Fund (IMF),the government will collect an additional 721 billion rupees from electricity consumers this financial year.
Due to the stringent conditions set by the International Monetary Fund (IMF), the current fiscal year will prove to be burdensome for electricity consumers. Sources indicate that an extra 721 billion rupees will be collected from electricity consumers during the ongoing fiscal year.
One slab facility ends, domestic consumers receive higher electricity bills.
Sources have revealed that for consumers, electricity will become costlier in a phased manner from September to December. During the three-month adjustment period until September, electricity will become costlier by 1.25 rupees per unit, resulting in the collection of 39 billion rupees from consumers.
According to sources, during the period from September to December, there is a possibility of electricity becoming costlier by 4.37 rupees per unit under the FC (Fuel Cost) adjustment, leading to the collection of 122 billion rupees from consumers during this period.
Sources have disclosed that due to an annual re-pricing, the increase of 5.75 rupees per unit in electricity prices will result in the collection of 560 billion rupees, aimed at reducing the circular debt in the energy sector.
Sources state that the government plans to limit the circular debt of the power sector up to 2.13 trillion rupees by the end of the current fiscal year, with a target of reducing the record circular debt of 2.7 trillion rupees by June 2023.
It remains clear that the government has devised a plan to eliminate circular debts in the energy sector, as shared by the IMF.
