Consumers under the Islamabad Electric Supply Company (IESCO) will now have to pay substantially higher fees for new meter installations, following a sharp increase in pricing. The revised rates have already been implemented across Rawalpindi, Cantonment, and Taxila.
New Meter Fees Breakdown
- Single-phase meter: Increased from Rs. 11,000 to Rs. 35,000
- Three-phase meter: Raised to Rs. 85,000
The sudden hike in meter fees has raised concerns among consumers, adding further financial pressure on electricity users amid rising energy costs.
Privatization of Power Distribution Companies
In a parallel development, the federal government has imposed strict regulations on three major power distribution companies—IESCO, Faisalabad Electric Supply Company (FESCO), and Gujranwala Electric Power Company (GEPCO)—as part of their ongoing privatization process.
- Restrictions on Hiring & Promotions: New recruitments, promotions, and employee incentives now require approval from the Privatization Commission.
- Contract Approvals: These companies must obtain prior clearance before signing any new contracts.
- Financial Monitoring: Authorities have directed them to maintain updated financial records and statements to ensure transparency.
A financial advisor has been appointed to oversee the privatization, and a dedicated committee has been formed to facilitate a smooth transition.
For more updates on electricity pricing and energy sector reforms, visit Trending Pakistan.
