ABSTRACT
NEPRA approved the Implementation Roadmap of Competitive Trading Bilateral Contracts Market (CTBCM) in November, 2020 to channelize competition in the power sector under power sector reforms. The financial statements of all 10 Distribution Companies (DISCOs) reveal their financial unviability to procure power without sovereign guarantees of government. This conclusion begs the question that even after reveling 20 years of monopoly, DISCOs have failed to establish themselves as a financially viable utility, would they be able to absorb competitive market regime? This study attempts to analyze whether DISCOs will continue as bleeding financially protected by government or will they participate in the competitive market efficiently.
