By Pakistanis already grappling with inflation face another setback as the National Electric Power Regulatory Authority (NEPRA) has announced a substantial increase in power tariffs.
The new tariff hike of Rs 3.32 per unit will directly impact both household and business budgets, further burdening citizens already struggling with rising costs of essential goods.
Moreover, the adjustment aims to account for fluctuations in fuel prices, which directly influence electricity generation costs. However, this increase comes at a challenging time for consumers, amidst already rising prices for essential goods and services.
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NEPRA’s notification details the specifics of the rate change, which will soon be reflected in upcoming electricity bills. The regulatory authority regularly reviews and adjusts electricity prices based on various factors, including changes in fuel costs.
Earlier, the federal cabinet had approved a significant increase in the basic power tariff by PKR 5.72 per unit. This decision conveyed through a circulation summary, was forwarded to NEPRA for uniform tariff implementation.
The Power Division submitted an application to NEPRA for the tariff hike, set to take effect on July 1, 2024, for the fiscal year 2024-2025. The average basic electricity tariff is expected to rise from PKR 29.78 to PKR 35.50 per unit.
