Govt freezes monetised cost of free units of electricity
The power division has notified a freeze on monetised cost of free electricity units to all the senior employees of power companies and the Water and Power Development Authority (Wapda) at the existing level for future. In a notification issued here on Tuesday, the power division said the federal cabinet had approved monetisation of free electricity units admissible to the employees of Wapda, ex-Wapda companies, including distribution companies (Discos), generation companies (Gencos), National Transmission and Dispatch Company (NTDC) and Power Information Technology Company (PITC). It said the cabinet had on Oct 26 also approved that “for future, these rates shall remain same and any change therein shall require prior approval of the federal cabinet”. Therefore, the rates notified below would stand frozen. Under the notification, in the first phase the electricity facility to in-service employees (BS-17 and above) of Wapda, Discos, Gencos, NTDC and PITC has been monetised after calculation of supply tariff issued on July 26, 2023, excluding taxes and duties. “Henceforth, all the in-service employees in grade-17 and above entities shall pay the electricity bills issued by respective Discos against the reference numbers already available with Discos.”