ISLAMABAD – The National Electric Power Regulatory Authority (NEPRA) of Pakistan has given the green light for a significant increase in electricity prices. On Wednesday, the regulatory body approved a hike of Rs1.81 per unit in the cost of electricity, citing fuel charges adjustment as the primary reason for this decision.
This price surge will be reflected in the bills of August 2023, and it is expected to place an additional financial burden of approximately Rs24 billion on the public. The consumers who will bear the brunt of this increase are those serviced by government-run distribution companies, also known as DISCOs.
However, it’s important to note that not all consumers will be affected by this change. Lifeline customers, who are typically low-income consumers, charging stations, and K Electric customers will be exempt from this fuel charges adjustment.
In a related development, NEPRA has also increased the per-unit price by Rs2.31 for consumers of Karachi Electric. This revision will result in an additional burden of Rs4.30 billion for the residents of Karachi, which will be evident in their electricity bills for August.
This move comes in the wake of the government’s approval of a more than Rs7 per unit increase for individuals consuming over 200 units per month. This decision was made in order to meet the conditions set by the International Monetary Fund (IMF).
