CCP Urges Government to Introduce Competitive Model in Power Sector

The Competition Commission of Pakistan (CCP) has issued a significant recommendation for the government to shift towards a competitive model in the power sector. This recommendation aims to increase efficiency and drive down costs for consumers while encouraging innovation in a sector often dominated by large, state-controlled companies. CCP’s proposal involves fostering competition by introducing private-sector participants and reducing market entry barriers.

The CCP has outlined potential benefits, including improved service quality, increased investments, and a more resilient power infrastructure. With Pakistan’s current power challenges — including load shedding, fluctuating supply, and rising costs — the proposed model could address these issues by introducing market dynamics that incentivize performance and reliability.

The energy sector reform proposal also includes regulatory oversight to prevent monopolistic practices while supporting transparency and accountability. By moving towards a competitive landscape, Pakistan could achieve greater energy security and sustainability, benefiting both consumers and industry stakeholders.

By Web Desk

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