• Sanctioned load to determine monthly bill regardless of use
• Industry freed from cross-subsidy, govt tells hearing

ISLAMABAD: The government on Tuesday reluctantly conceded that the industrial sector had, for the first time, been fully freed from cross-subsidy to compete globally, as it disclosed a higher-than-previously known financial impact of the newly imposed fixed charges on residential electricity consumers.

At an almost one-way public hearing on Rs4.04 per unit average cut in power rates for industrial consumers and imposition of fixed charges on residential consumers, industrial consumers, power division and the National Electric Power Regulatory Authority (Nepra) were all praise for each other for a long overdue “great move” and “first step in the right direction”.

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