Nepra Increases Electricity Tariffs by Rs3.07 per unit.
Power Tariff Hikes: NEPRA Approves Rs3.07 per Unit Increase, Adding Rs24.5 Billion Burden to Karachi Consumers
In a decision likely to strain household budgets, the National Electric Power Regulatory Authority (NEPRA) has approved a Rs3.07 per unit increase in power tariffs for the month of October 2023.
This adjustment, attributed to fuel price adjustments, will be applicable to all consumers except K-Electric and Lifeline users.
NEPRA’s data reveals that during October 2023, 9.25 billion units of electricity were generated from furnace oil, while 3.11 billion units were produced from hydropower.
This reliance on furnace oil, a more expensive fuel source, has contributed to the need for a tariff hike.
This latest increase follows last month’s NEPRA approval of a Rs1.52 per unit increase in electricity prices for K-Electric consumers.
That increase, granted in response to a petition filed by the federal government seeking an additional surcharge, will be applicable from November 2023 to December 2024.
The cumulative effect of these tariff hikes is expected to place an additional financial burden of Rs24.5 billion on electricity consumers in the Karachi region. This increase comes at a time when inflation is already putting a strain on household budgets, and it is likely to be met with concern from consumers.
Here’s a breakdown of the recent power tariff hikes:
- Month: October 2023
- Increase: Rs3.07 per unit
- Applicable to: All consumers except K-Electric and lifeline users
- Additional burden on Karachi consumers: Rs24.5 billion
- Month: November 2023 – December 2024
- Increase: Rs1.52 per unit
- Applicable to: K-Electric consumers
- Reason: Additional surcharge granted by NEPRA
Consumers are advised to be mindful of their electricity usage to mitigate the impact of these tariff hikes.
Energy-efficiency measures, such as switching to energy-saving appliances and turning off lights and electronics when not in use, can help reduce electricity consumption and potentially lower energy bills.
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