Electricity prices set to increase in Pakistan

Electricity prices set to increase in Pakistan

ISLAMABAD - Electricity prices are set to increase in Pakistan, sources have revealed.

The federal government on Monday seeks for consent of the power regulator , the National Electric Power Regulatory Authority (Nepra) to standardize power tariff hike by Rs 1.27 per unit in order to put into operation the homogeneous tariff across Pakistan.

According to the representative of the Ministry of Energy (Power Division), it is stated that during a public hearing that the government had increased the average power tariff by almost Rs 1.27 per unit. At present, uniform power tariff was Rs 11.71 per unit, which is expected to be augmented to Rs 12.98 per unit.

However, the inquiry was raised over the authority of two members carrying out public hearing, due to limited quorum of the authority. At present, the power regulator has only two members, and the third member is yet to be appointed.