Power Generation: Highest- Ever Fuel Bill

April 2022 power generation numbers reaffirm that Pakistan is well and truly back on the economic growth trajectory of FY17 and FY18. Another matter if Pakistan can actually afford such growth – as the worsening external account indicators would suggest. Regardless, the 23 percent year-on-year increase in April 2022 power generation is the highest-ever growth, barring the Covid-induced low base period.

The 12-month moving average generation is nearing 11.5 billion units – growing at 11 percent – a level last seen in August 2018. It remains to be seen if Pakistan opts to deliberately slow down the economy, much like FY19, which could surely check the double-digit electricity demand growth. For now, rising temperatures, steady growth, and reduced fuel supply to captive power – suggest power generation to break all records this summer.