AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Business & Finance

NEPRA to make Competitive Wholesale Electricity Market operational by April 2022

  • NEPRA approved the Detailed Design and Implementation Plan of Competitive Trading Bilateral Contract Market (CTBCM) to make the competitive Wholesale Electricity Market (WEM) operational in Pakistan by April 2022.
  • The Authority will be conducting a webinar on the 22nd of December to discuss the future of WEM in Pakistan.
Published December 21, 2020

The National Electric Power Regulatory Authority (NEPRA) has approved the Detailed Design and Implementation Plan of Competitive Trading Bilateral Contract Market (CTBCM) to make the competitive Wholesale Electricity Market (WEM) operational in Pakistan by April 2022.

NEPRA will be conducting a webinar on Competitive Trading Bilateral Contract Market (CTBCM) on Tuesday, 22nd December 2020 at 4 pm to discuss the future of WEM in Pakistan. NEPRA plans on disseminating and developing stakeholder understanding with regards to WEM and informs participants about power market reforms, challenges and reforms through this webinar.

The key speakers of the webinar include Tauseef H. Farooqi, Chairperson NEPRA, Roberto D’ Addario, MRC Consultants CPPA-G, Beatriz Arizu, Expat Consultant NEPRA and Omar Haroon Malik, Head of Strategy and Market Development CPPA-G. The session will be moderated by Gul Hassan Bhutto, Consultant CTBCM NEPRA.

The main objective of the Wholesale Electricity Market is to introduce competition while providing non-discriminatory open access for all market participants and bring transparency, predictability and credibility in the power market and improve efficiency arising from ‘competition in market’ and ‘competition for the market.’

The Implementation Plan, as approved by NEPRA, entails actions ranging from institutional restructuring and strengthening to developing and augmenting legal, policy and regulatory frameworks.

A Statement from NEPRA also explains that the competitive Wholesale Electricity Market, once implemented, will also contribute in improving security of supply, enhancing efficiency, and improving payment discipline. This will also result in a move away from the historical sovereign guarantees-based regime with gradual transition from ‘take or pay’ to ‘take and pay’ contracts.

Comments

Comments are closed.