ISLAMABAD, APR 14: The federal government has announced loadshedding of more than two hours during “peak hours” and warned that the nation should be ready to brace for an increase in electricity prices.
The major move comes as the world grapples with an energy crisis following Iran’s closure of the Strait of Hormuz in retaliation for US-Israel strikes, sending governments scrambling to conserve power.
In a statement, the Power Division’s spokesperson said that in light of the situation, the government has decided that from 5pm to 1am (peak hours), electricity supply will be suspended for nearly 2:30 hours daily.
The rationale, the spokesperson explained, was that the government aims to minimise the use of expensive fuel and prevent the possible increase in electricity prices.
The spokesperson added that at present, the “biggest challenge” the government faces is during peak hours, where there is a significant increase in electricity demand, particularly because these days, the production of hydel power plants has decreased substantially.
“If expensive fuel is relied upon to meet these requirements, it can lead to a considerable increase in electricity prices,” the spokesperson said, further explaining the reason behind the loadshedding.
Explaining further, the spokesperson added that the situation is continuously being monitored and Prime Minister Shehbaz Sharif has given Power Division the taks that “there should not be a huge increase in electricity price” and “if due to furnace oil use some increase in price also happens, then measures must be taken to [minimise the possible increase]”.
The spokesperson noted that despite the ongoing crisis, from July to February, the power tariff has gone down by Re0.71 per unit on average.
“The basic reasons for this significant decrease include reforms brought into the system, various relief packages, strict implementation of merit order, better and timely planning, and running the system effectively in accordance with modern requirements.”
Given the PM’s instructions to ensure power tariff remains low, the Power Division’s spokesperson said 80 MMCFD local gas has been provided to power plants, due to which not only Re0.80 per unit increase in electricity price has been prevented, but extra load management has also been stopped.
The purpose of the over two-hour peak hour load management is to “prevent” approximately Rs3 per unit increase in electricity price, the Power Division said.
“Despite limiting furnace oil use, we have to be ready for approximately 1.5 rupees per unit increase, which if these measures were not taken, would have caused 5 to 6 rupees per unit increase,” the statement mentioned.
