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Friday, April 19, 2024  
09 Shawwal 1445  

Electricity consumers to pay more for energy as NEPRA notifies Rs2.75 per unit hike

Will be recovered in a period of three months ie April to June 2024
Two boys walk on a wall near high voltage electricity wires in Rawalpindi, Pakistan, on July 8, 2020. AFP/File
Two boys walk on a wall near high voltage electricity wires in Rawalpindi, Pakistan, on July 8, 2020. AFP/File

The National Electric Power Regulatory Authority (Nepra) notified on Thursday a Rs2.75 per unit increase in the uniform electricity rate for all consumers across the country, including Karachi, for three months (April to June).

“NEPRA hereby notifies complete decision of the authority in the matter of requests filed by XWDISCOs for periodic adjustment in Tariff for the 2’ Quarter of FY 2023-24 already intimated to the Ministry of Energy (Power Division) on March 28, 2024,” the authority said in a notification on Monday.

“Accordingly, a rate of Rs.2.7492/kWh shall be recovered from different consumers/categories of XWDISCOs and K-Electric, as per Annex-A & B in a period of three (03) months i.e. April 2024 to June 2024 2. While effecting the Decision, the concerned entities including Central Power Purchasing Agency Guarantee Limited (CPPAGL) and K. Electric shall keep in view and strictly comply with the orders of the courts notwithstanding this Decision.”

This hike is part of the quarterly tariff adjustment mechanism designed to offset the financial pressures on power companies.

Nepra has allowed the “instant positive quarterly adjustments” of Rs85.275 billion pertaining to the second quarter (October-December) of the current fiscal year with a uniform rate of Rs2.7492 per unit, or kilowatt-hour (kWh).

The hike will apply to all electricity users except “lifeline consumers”, who use less than 100 units monthly.

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