The Ntional Electric Power Regulatory Authority (NEPRA) notified a substantial increase in the electricity tariff on Thursday, exacerbating financial strains for consumers.
NEPRA’s latest notification reveals a Rs2.75 per unit surge in the electricity tariff, effective for the next three months, imposing a hefty burden amounting to Rs85.2 billion on consumers.
The decision materializes following NEPRA’s approval of the second-quarter adjustment for the fiscal year 2023-24. Despite Distribution Companies (Discos) advocating for a larger increment of Rs4.43 per unit, NEPRA settled on the Rs2.75 raise.
This tariff hike, slated to reflect in bills from April to June, is attributed to several factors impacting operational costs within the power sector. NEPRA pointed to escalating fuel prices and maintenance expenditures as key drivers behind the tariff adjustment.
However, NEPRA has extended relief to Lifeline consumers, who utilize up to 50 units, by exempting them from this price surge, with the aim of easing the burden on households with minimal electricity consumption.
It’s noteworthy that K-Electric consumers will also be affected by this tariff escalation, indicating a widespread impact across multiple electricity providers.
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