Nepra permits an increase in energy prices of over Rs 3 per unit.

Dec 6, 2023 - 07:08
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Nepra permits an increase in energy prices of over Rs 3 per unit.

All power distribution businesses would see a hike in energy tariffs of Rs3.07 per unit, as recommended by the National Electric Power Regulatory Authority (Nepra) on Tuesday. "The adjustment shall be shown separately in the consumers’ bills based on units billed to the consumers in the month of October 2023 in the billing month of December 2023," the regulatory body stated in a notification. Nepra has informed the rise due to fluctuations in fuel prices, as stated in the notification. This would affect millions of users of electricity distribution firms (Discos), who are sick of inflation. The users of Karachi-Electric (KE) would not be affected by the hike. Furthermore, the warning stated that lifeline customers and electric vehicle charging stations (EVCs) will not be harmed by the hike. Pakistan, a cash-strapped country striving to reduce its circular debt and comply with IMF requirements, has seen a steady increase in electricity costs.