Punishing efficiency
Pakistan's power sector is once again attempting to treat the symptoms while ignoring the disease. The government's proposed "two-part industrial tariff policy", shared with IMF and expected to be implemented within months, seeks to substantially increase fixed charges on industrial consumers who use less than their sanctioned electricity load or have shifted part of their operations to solar and other off-grid sources. Industries that consume more grid electricity would receive lower per-unit rates, while those reducing........
