Saturday, January 28, 2023

Govt considering another Rs8 per unit increase in electricity price

The coalition government that is led by the PMLN is considering implementing another rise in the price of electricity by Rs 8 per unit.

According to credible sources, the federal government has planned to gradually increase the price of electricity by Rs8 per unit over the course of three phases.

According to many reports, the price of one unit of power would go up by Rs3 on July 1, followed by another Rs3 increase on the first of each month beginning in the month of August. Furthermore, the price of one unit of energy will go up by Rs2 beginning in September 2022.

On June 27, the National Electric Power Regulatory Authority (NEPRA) gave its approval for an increase in the price of electricity to 7.90 rupees per unit. 

The increase was made under fuel adjustment costs (FAC) for the month of May, as stated in a notification that was published by the power regulatory body. This increase was made in response to a demand from CPPAG for a raise of Rs7.96 per unit.

After holding a hearing on the Central Power Purchasing Agency’s (CCPA) petition, the power regulating authority ultimately decided to go ahead and make its conclusion.

NEPRA has raised the price of electricity by Rs7.90 per unit.

It was stated that the money will be included in the bills for the month of July and that customers with life customers and K-Electric would be exempt from the price increase.

Read Also: Pakistan to buy coal from Afghanistan to curb energy crisis: PM Shehbaz

It is important to point out that the National Electric Power Regulatory Authority (NEPRA) has already set the power tariff for the upcoming fiscal year of 2022-2023 at Rs24.82 per unit, which represents a significant increase of Rs7.91 per unit from the previous year’s rate.

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