ISLAMABAD: Pakistan will be implementing its first-ever Competitive Energy Market (CEM) within the next two months as it seeks to streamline its power sector, Energy Minister Awais Leghari said on Thursday, in a bid to shift the power sector toward open-market competition.
Leghari said this during his meeting with a World Bank delegation led by Ousmane Dione, the Bank’s regional vice president for the Middle East, North Africa, Afghanistan and Pakistan, according to the Pakistani energy ministry.
Once in effect, the policy will end government-led electricity purchasing and allow its free trade producers and consumers under a Competitive Trading Bilateral Contract Market (CTBCM) model, which introduces mechanisms such as wheeling charges.
“Pakistan is set to launch its first-ever competitive Energy Market Policy within two months, marking a major shift toward competitive electricity trading under the CTBCM model,” Leghari was quoted as saying by the energy ministry on X.
The policy aims to limit the government’s role to regulation only.
