Nepra gives go ahead to CTBCM for contest in the power market

ISLAMABAD: The National Electric Power Regulatory Authority has approved on Tuesday a blueprint to introduce competition in the power market which is likely to distribute energy at competitive prices.
The NEPRA has given go-ahead to Competitive Trading Bilateral Contracts Market (CTBCM) which, according to the regulatory body, is the development of the wholesale competitive electricity market.
According to the details, such a development will bring down power prices as it will quash the monopoly and let power producers attract consumers by offering minimum possible rates.
The CTBCM is likely to be materialized by April 2022 which will ensure transparency in business, growth in power generation and regulations in distribution, the press statement of the electric power regulatory body said.
The NEPRA said that industries would be the biggest beneficiaries of CTBCM alongside other consumers, as the competitive wholesale market in place, they will make for crucible for the retail power sector as well.
The NEPRA will monitor the progress of CTBCM each step of the way to guarantee its smooth completion. – TLTP

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