The regulatory board has announced an increase in power cost of Rs2.75 per unit, effective for the next three months. This will result in a substantial financial burden of Rs85.2 billion on consumers.
The choice was made concurrently with NEPRA’s approval of the fiscal year 2023–24 second-quarter adjustment. Distribution Companies (Discos) requested a higher increase of Rs4.43 per unit; however, NEPRA decided to go with the Rs2.75 increase.
This increase, which will show up in the bills for April, May, and June, is the result of several variables influencing the operational costs of the power industry. NEPRA stated that the tariff revision was mostly due to growing fuel prices and maintenance costs.
To lessen the strain on Lifeline customers who use up to 50 units, NEPRA has excluded them from this price increase.
It’s also crucial to remember that this tariff rise will apply to K-Electric customers as well, indicating a wider effect across different electrical providers.
While balancing the operating expenses of power generation and distribution is the goal of the decision, consumers who are already facing financial difficulties are alarmed. Given the ongoing inflationary pressures, this tariff increase may make things more expensive for both individuals and companies.
