2 min read
Pakistan’s power generation fell 3.7% year-on-year in October 2025, producing 9,886 GWh compared with 10,262 GWh in October last year. Month-on-month output also dropped 21.5%, reflecting seasonal demand declines and changes in the generation mix.
The decline comes despite stable cumulative generation from July to October at 50,819 GWh. Analysts attribute the drop to rising distributed generation, seasonal cooling, and captive consumers rejoining the grid after prior levies. Hydel production fell 15.1% due to lower water flows, while RLNG generation saw a minor decline but remained above regulatory reference levels. Imported-coal generation dropped sharply, though costs decreased thanks to lower global coal and Brent-crude prices.
Distribution companies (DISCOs) have requested a negative fuel cost adjustment of Rs 0.37/kWh, reflecting lower generation costs and reduced reliance on furnace oil and imported coal. Despite underperformance in some segments, a 942 GWh surplus was recorded against the reference level.
Energy experts warn that generation may dip further in November, though national demand is expected to grow 2.8% year-on-year in FY26. This situation highlights the continuing challenges in balancing seasonal demand, fuel costs, and generation efficiency across Pakistan’s power sector.
