Electricity prices in Pakistan to be significantly increased

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Electricity prices in Pakistan to be significantly increased

ISLAMABAD: Electricity prices in Pakistan to be significantly increased, media report has revealed.

The Central Power Purchasing Agency (CPPA) has asked the National Electric Power Regulatory Authority (NEPRA) to jack up electricity price by Rs2.97 per unit on account of fuel price adjustment for the month of September 2019, Pakistan Today has learnt.

NEPRA would hold a hearing to take a final decision in this regard on 30th October in Islamabad.

According to the sources, if NEPRA approves the CPPA’s request, the already struggling electricity consumers would be burdened with an additional Rs25 billion. “This proposed hike in electricity consumers will be collected from power consumers during the month of November,” they added.

Sources said that CPPA, in its application, has informed that approximately 13.62 billion units of electricity were produced at the cost of Rs70 billion during September