IMF Urges Full Utilization of Power Plants to Lower Tariffs.

The International Monetary Fund (IMF) has recommended strategies to lower power tariffs by fully utilizing new power plants and optimizing the energy mix. The IMF advises the government to operate new power plants at maximum capacity to meet energy demands effectively and reduce the burden of capacity charges on consumers. By incorporating alternative fuels and operating gas power plants fueled by indigenous gas, industrial tariffs could be lowered, potentially reducing electricity prices by Rs13 to Rs16 per unit. The IMF emphasizes the importance of uninterrupted power supply to all industrial zones. The term "energy mix" refers to the combination of renewable and non-renewable energy sources used to generate electricity, aiming to balance energy security, affordability, and environmental sustainability. Capacity charges are fees paid to power generators or suppliers for their ability to deliver a specified amount of electricity to the grid, covering fixed costs associated with power generation infrastructure. [Extracted from the article]