Nepra approves over Rs3 per unit hike in electricity price
The National Electric Power Regulatory Authority (Nepra) Tuesday approved a Rs3.07 per unit increase in electricity prices, applicable to all power distribution companies.
In a notification, the regulator said: “The […] adjustment shall be shown separately in the consumers’ bills on the basis of units billed to the consumers in the month of October 2023 in the billing month of December 2023.”
Nepra has notified the increase on account of variations in fuel charges, the notification mentioned, in a move that will impact millions of the electricity distribution companies’ (Discos) inflation-weary consumers.
The increase will not be applicable to Karachi-Electric (KE) consumers. Moreover, electric vehicle charging stations (EVCs) and lifeline consumers will also not be impacted by the increase, the notification mentioned.
The power prices are persistently on the rise in Pakistan as the cash-strapped nation tries to curb its circular debt and meet the conditions of the International Monetary Fund (IMF).
The IMF laid forth several conditions — including a rise in power and gas tariffs — for the South Asian nation to unlock crucial funds that allowed the government to avert a possible default on its debt payments.
