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Nepra Issued Notification of Increase Electricity Rates

Nepra issued notification increase Rs2.75 per unit electricity rates.

The National Electric Power Regulatory Authority (Nepra) announced on Monday a Rs2.75 per unit increase in standard electricity rates for all consumers in the country, including Karachi.

This increase is part of the second quarterly tariff adjustment (QTA) process, which aims to alleviate financial stress on power firms.

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The increase will affect all electricity users, with the exception of “lifeline consumers” who use less than 100 units each month.

The increased tariff will be in place for the next three months, placing a substantial burden on customers totaling Rs85.2 billion.

This hike, which will appear on electricity bills in April, May, and June, is caused by a number of factors ‘influencing’ the power industry’s operational costs. The NEPRA noted that the tariff change was mostly due to rising fuel prices and maintenance expenditures.

To alleviate the burden on low-income households, NEPRA has given exemptions from rate increases to lifeline users who use up to 50 units.

Earlier in February, the NEPRA increased the price of power by Rs7.5 per unit as part of the fuel price adjustment (FCA).

NEPRA has allowed an increase in the electricity tariff of Rs7.5 per kilowatt hour (kWh) under the FCA of January 2024, which the power sector’s regulatory authority will charge to power users in March 2024.

Also Read this: Electricity Prices Likely to Increase by Rs7.13 Per Unit

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