The National Electric Power Regulatory Authority increased on Friday the electricity tariff by Rs1.75 per unit for the fourth quarterly adjustment, which will be reflected in bills for September, October, and November.
The authority has sent its decision to the federal government. The adjustment for the third quarter of the fiscal year 2023-24 will conclude in August with an increase of Rs0.93 per unit. For September bills, an additional Rs0.82 will be added as part of the quarterly adjustment.
In a related decision, NEPRA also approved a reduction of Rs0.37 per unit in the monthly fuel charge adjustment for July. A hearing on this request was held on August 28.
Relief will be provided in the September bills, with the fuel charge adjustment for June reflecting an increase of Rs2.56, which was incorporated into August bills. For September bills, there will be a reduction of Rs2.93 in the fuel price adjustment.
When both adjustments are combined, consumers will receive relief of Rs2.11 per unit in their September bills, according to NEPRA.
This comes amid rising electricity prices in the country as people seek relief and demand government review the agreements with independent power producers (IPPs).
In July, Prime Minister Shehbaz Sharif announced that the government would provide relief to people consuming less than 200 units of electricity for the next three months.
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Following this, the Punjab government last month announced its decision to provide Rs14 per unit relief in August and September bills to consumers using up to 500 units of electricity.
Earlier this week, Pakistan presented a plan to the IMF that includes a proposal to reduce electricity prices by Rs6 per unit. The plan outlines that federal and provincial governments will arrange funding amounting to Rs2.8 trillion.
