CTBCM to bring efficiency to power sector

The Competitive Trading Bilateral Contract Market (CTBCM) is going to bring a paradigm shift in the power sector of Pakistan, said National Electric Power Regulatory Authority (Nepra) Chairman Tauseef Farooqi.

In a series of workshops, the Nepra chairman highlighted the importance of CTBCM and informed the participants that CTBCM will provide an opportunity to the industry and bulk power consumers (one megawatt or above) to purchase power from suppliers of their choice at mutually agreed rates.

CTBCM includes other institutional and regulatory reforms to bring much-needed efficiency, transparency and accountability to the power sector.

Nepra organised these workshops to create awareness about the competitive wholesale electricity market. The roadshow series was held in capital cities such as Lahore on June 24, 2022, Peshawar on July 15, 2022, Karachi on July 22, 2022 and at Nepra headquarters on August 5, 2022.

The workshop included detailed presentation by officers of Nepra and Central Power Purchasing Agency-Guarantee (CPPA-G) on different policy, regulatory, legal and institutional aspects of the CTBCM.

This was followed by a question and answer session in which the panel of experts addressed the queries of a wide range of participants including national and international power sector stakeholders, potential service providers and market participants.

After the workshop, a CTBCM question and answer session was also created on the official website of Nepra wherein detailed responses to the CTBCM-related queries of the stakeholders were provided for the general benefit and information of the interested persons and stakeholders.

Published in The Express Tribune, August 6^th, 2022.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.