ISLAMABAD: The government of Pakistan is set to impose another burden on electricity consumers by increasing security deposit rates by over 200%, media reported.
As per details, this decision came after eight electricity companies, including PESCO, Multan Electric Power Company (MEPCO), Gujranwala Electric Power Company (GEPCO), Lahore Electric Supply Company (LESCO), Faisalabad Electric Supply Company (FESCO), Hyderabad Electric Supply Company (HESCO), Quetta Electric Supply Company (QESCO), and Tribal Areas Electric Supply Company (TESCO), submitted requests to NEPRA.
The increased security deposits will affect all categories of consumers, including domestic, commercial, industrial, and agricultural users. The companies claim that the current security deposits are insufficient to prevent defaults.
Nepra will hold a hearing today to discuss the matter and decide on the increase of security deposit. If approved, the increased security deposits will add to the already substantial burden on electricity consumers. –Agencies
