AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The Lahore High Court has restrained National Electricity Power Regulatory Authority (Nepra) and electricity distribution companies from implementing variable tariff at peak hours and much higher rates on users of 5KWH or above to the extent of industrial units.
The court passed these orders in some identical petitions of 32 industrial units, challenging the increase in Tariff B-III made for industrial units. The LHC had already restrained the Nepra and electric distribution companies from implementing the increased tariff in respect of Lahore Electricity Supply Company (Lesco), Faisalabad Electricity Supply Company (Fesco), Gujranwala Electricity Power Company (Gepco) and Multan Electricity Power Company (Mepco).
The petitioners, Eastern Spinning Mills and others, have argued that the Nepra determined the tariff on February 23, 2007 and made industrial consumers to pay substantially higher rate of electricity. But despite enduring sufferings, they started making payment in the best national interest. However, just after 13 days of passing of tariff, the electric distribution companies like Lesco, Fesco, Gepco and Mepco filed a review petition before the Nepra.
The petitioners said the Nepra did not have the review powers under the law, but it proceeded with and accepted their review petitions without giving any notice to the petitioners or theirr parent association APTAMA. The petitioners argued that with acceptance of review petitions on January 10, 2008 the tariff was hugely enhanced to the greatest disadvantage clearly violating the principle "no one should be condemned unheard."

Copyright Business Recorder, 2008

Comments

Comments are closed.