Originally published in APEx Newsletter Volume XVII – June 2021.
The Pakistani Power Market today is based on Single Buyer Plus Model with an installed generation capacity of 40,000 MW that will cross 50,000 MW mark in next two years. Projections of dispatch mix and marginal prices from 2021 to 2025 are depicted in Figure 1. It is important to highlight that Power Sector was de-bundled from a VIU back in 1998, Generation, Transmission and Distribution segments were separated, and independent regulatory Authority (NEPRA) was created. Today, CPPA (the single buyer and market operator) has long…