The energy price surge: boon or woe
The energy price surge: boon or woe Electricity is one of the basic necessities of any household and a harbinger of growth for any country that seeks to achieve stability and prosperity in the post-industrialization age. According to United Nations, 13% of global population still lacks access to modern electricity. The Sustainable Development Goal (SDG-7): access to affordable, reliable, sustainable and modern energy still has not reached full adoption in many developing countries. South Asia, particularly, Pakistan has seen a surge in energy prices for consumers. While, there are macroeconomic reasons to justify the surge, however, there are huge inefficiencies within the institutions, which if attended to, could mitigate the spillover costs to end consumers. A comparison of electricity prices across the world shows that countries in South Asia are now seeking to shift towards alternate sources of energy, however, that has not resulted in maximi