Large industries to get cheaper power

Federal Minister for Energy, Sardar Awais Ahmad Leghari, has reaffirmed the government's determination to establish a transparent and competitive electricity market, declaring that the Competitive Trading Bilateral Contracts Market (CTBCM) reforms are a guarantee of Pakistan's energy future.

He made the remarks while virtually addressing a stakeholder workshop on the CTBCM and Wheeling Auctions Framework, organised by the Independent System and Market Operator (ISMO) in Islamabad.

Laghari announced the introduction of a Wheeling Auction Framework for 800MW demand, enabling large industrial consumers to procure power directly at competitive rates.

He said the measure would reduce costs, create jobs, and promote industrial growth.

The minister underlined that the CTBCM is the outcome of years of planning and will foster transparency, efficiency, and competition, while attracting much-needed investment into the power sector.

Laghari stressed that reforms are essential for both economic progress and public welfare.

He said stakeholder inclusion is central to building a transparent electricity market and pledged full government support to ISMO and NEPRA in implementing these reforms in line with international standards.