NEPRA increases electricity prices by 1.90 rupees

WEB DESK: The National Electric Power Regulatory Authority (Nepra) has issued a notification announcing an increase in electricity prices as part of the quarterly adjustment for the current financial year.

In addition, this price hike is set to impact consumers over the next three months.

Moreover, according to the notification, electricity prices will rise by Rs1.90 per unit for June. For July and August, there will be an increase of 93 paisas per unit.

Read More: S&P global forecasts 450bps policy rate cut by year’s end

Furthermore, this adjustment means that consumers will experience higher electricity bills from June to August 2024.

The price hike will impose a burden of more than Rs46 billion on power consumers, which would be applicable to K-Electric consumers also. An increase of Rs3.28 has also been approved for electric vehicle charging stations.

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