Stakeholders push for swift implementation of competitive power market

#Stakeholders #push #swift #implementation #competitive #power #market

KARACHI: Pakistan’s energy and policy landscape leading stakeholders were summoned in a high -level multi -stakeholder dialogue in which renewable sources were first hosted by Pakistan’s think tank for energy and environment, on Wednesday in Islamabad, a competitive power market for a competitive power market.

The program brought senior government officials, lawmakers, regulators, development partners and power sector experts to chart a course to implement long -term competitive trading market reforms (CTBCM) reforms.

The Economic Coordination Committee and the National Electric Power Regulatory Authority (NEPRA) have already been developed by the CTBCM, and the CPPA’s six -month test, has not yet begun trade work. Participants expressed concern that the power sector is locked in a buyer model, where CPPAG works as a single buyer and disco is a special distribution license. This setup has played an important role in paying for increasing capacity, production capacity and limited participation of the private sector. Ramsha Panwar, who is the first renewable source’s energy analyst, presented a critical analysis of a highly controversial component of the CTBCM framework: the use of system charge (USC). He noted that irrational and excessive allegations have stopped market competition.

“USCCTB is fundamental to the CBCM framework, which orders how the participants pay for access to the grid. More than 80 percent of the proposed allegations contain costs and cross subsidies, which increase overall revenue and increase access to access,” he said. “The step -by -step and planned rehabilitation of these trapped costs can significantly reduce the U.S. and the market can be made more viable.”

Member of the Competition Commission of Pakistan Salman Amin emphasized the need for open competition in all sectors, adding that electricity should be removed from monopoly ways. “Competition ensures a level playground, improves performance and reduces prices,” he said.

Industry representatives also reaffirmed their consent to engage in the competitive market, warning that long delays could indicate that industrial consumers could indicate that they could get out of the grid in search of cheap electricity. One manufacturer emphasized that “consider the industry your business partner and treat us fairly.”

Omar Aaron of the Central Power Procurement Agency (CPPA) revealed that with the launch of wholesale power trade in the coming months, an independent system and market operator (ISMO) is nearing completion. He added that under the CTBCM, the market is ready to expand the size.

Former Nepra Chairperson Taosf Farooqi pointed out the importance of timely implementation, note that investors are closely watching the launch of the wholesale market due to its deep links with Pakistan’s economic stability.

NTDC experts emphasized the need for maximum investment in sub -services to ensure grid stability between renewable energy increases. Aaron also demanded on the prices associated with renewable energy, a factor that is currently deprived of Pakistan’s net metering policy but is addressed under the CTBCM’s competitive price model. Renewable sources first announced the formation of the Competitive Power Market Alliance (CEMA), a new platform for policy makers, industrialists and experts to support a transparent and comprehensive power market support. The purpose of the alliance is to provide resources and advocacy to ensure the long -term success of reform.

Speakers also discovered the potential partnership of CTBCM in economic and social goals – which includes increasing industrial competitiveness, promoting divided energy solutions such as solar and virtual power plants of roofs, and increasing access to less communities historically.