The National Electric Power Regulatory Authority (Nepra) has approved a detailed design and implementation plan of the Competitive Trading Bilateral Contract Market (CTBCM) to make a competitive wholesale electricity market operational by April 2022. The regulatory authority aims to transform the industry into more efficient entities by introducing competition in the market, and CTBCM would help to accomplish the goal, said a press release issued on Tuesday. CTBCM would initially cater to the wholesale market but would eventually pave the way for progressive opening up of the retail sector as well as trading with regional markets. CTBCM will usher in a new era of transparency, predictability and credibility whereby electricity shall be traded like any other commodity. It will provide large consumers with options to actively trade electricity founded on competitive market-based principles.
Published in The Express Tribune, November 11th, 2020.
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