The National Electric Power Regulatory Authority (Nepra) on Thursday agreed to the government's request to increase the basic power tariff, resulting in a price hike of Rs7.12 per unit.
According to details, the federal government had applied to the Nepra for uniform power tariff, which will now be applicable to all electricity consumers across the country, including K-Electric.
However, the customers using up to 200 units will receive an exemption from this increase for a period of three months.
Few days back, the NEPRA had announced a massive hike in power tariff.
The tariff translated to a hike of Rs3.32 per unit, which will directly impact household and business budgets.
– 20% increase in national tariff –
In June, NEPRA announced a nearly 20% increase in the uniform national tariff, aimed at securing approximately PKR 3.8 trillion in funding for the 10 ex-Wapda electricity distribution companies (Discos) for the fiscal year 2024-2025. This adjustment is expected to generate an additional PKR 485 billion in revenue for Discos, aiding the government in securing an IMF bailout scheduled for July.
NEPRA clarified that the government retains the authority to apply varying rates of increase across different consumer categories through cross-subsidies, ensuring the overall revenue requirements set by the regulator remain unaffected.
