Government increases electricity prices by Rs 2.86 per unit

Government increases electricity prices by Rs 2.86 per unit

*ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has okayed a power tariff hike for consumers of different distribution companies (DISCOs) and K-Electric. *

The regulator notified that the power tariff for K-Electric consumers was increased up to Rs1.38 per unit in terms of fuel price adjustment in February 2022. The sole power distribution of Karachi had sought a hike of Rs3.45 per unit from the regulator.

The recent hike will put a financial burden worth Rs1.58 billion on the K-Electric consumers.

According to the authority, the fuel price adjustment will be shifted to KE consumers in May bills. The decision was taken by the regulator on April 4 hearing.

Moreover, the NEPRA link also hiked the tariff for other DISCOs up to Rs2.86 per unit in terms of fuel price adjustment after the distribution companies sought Rs3.15 per unit increase in power tariff.

The power consumers of other DISCOs will bear the burden of Rs29 billion, excluding lifeline. The decision was taken on April 27 hearing by NEPRA.