NEPRA has approved a Rs1.15 per unit hike in electricity tariff due to monthly fuel adjustment, increasing financial burden by Rs22.297 billion. The increase is applicable to all consumer categories except lifeline and K-Electric users, and will affect bills from January to March 2024. CPPA also requested a Rs4.66 per unit increase in November 2023. – Khabristan.PK
ISLAMABAD: In yet another shock to the already overburdened power consumers, the National Electric Power Regulatory Authority (NEPRA) has notified a hike of Rs1.15 per unit in electricity tariff, News reported.
According to the notification issued by the power regulatory authority, NEPRA approved hike in electricity in the wake of the monthly fuel adjustment for first quarter adjustment of the current financial year.
It added that electricity consumers would have to make additional payments during January to March 2024 bills.
The increase in electricity tariff would increase the financial burden worth Rs22.297 billion on the power consumers.
The hike will also be applicable to all the consumer categories except lifeline ones and K-Electric users.
The CPPA on behalf of power distribution companies (DISCOs) has asked NEPRA to approve an increase of Rs4.66 per unit under Fuel Charges Adjustment (FCA) of November, 2023.
The CPPA, in its application, has submitted that the total electricity generated with various fuels in February 2023 was recorded at 7.22 billion at a basket price of Rs9.44 per unit.
On December 6, the electricity tariff was hiked by the National Electric Power Regulatory Authority (NEPRA) by Rs3.07 per unit in terms of the monthly fuel adjustment, however the hike was not applied to the lifeline and K-Electric consumers.
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Electricity tariff has been hiked by NEPRA, increasing financial burden on power consumers. The hike of Rs1.15 per unit is due to the monthly fuel adjustment for the first quarter of the current financial year, resulting in additional payments during January to March 2024 bills. The increase would amount to Rs22.297 billion and is applicable to all consumer categories except lifeline ones and K-Electric users. Furthermore, the CPPA has requested an increase of Rs4.66 per unit under Fuel Charges Adjustment, citing a total electricity generation of 7.22 billion at a basket price of Rs9.44 per unit.
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