NEPRA announces hike in electricity prices by Pakistani Rupees 20 paise per unit
Islamabad: According to ARY News, Pakistan’s National Electric Power Regulatory Authority (NEPRA) announced a notification raising energy tariffs by 20 paise per unit, or Pakistani Rupees (PKR).
According to ARY News on Wednesday, this increase in electricity costs is a component of the quarterly adjustment for the first quarter of the current fiscal year. The cost of energy will increase by PKR 1.18 billion for consumers.
NEPRA already notified the government after completing the quarterly adjustment from July to September. The price rise for power will only be in effect through December 2024. According to ARY News, lifeline and prepaid electricity users will not be impacted by the change. Additionally, customers who use more electricity will not be subject to this quarterly adjustment under the winter package.
November 2024 marked the end of the recovery of the final quarterly adjustment from the previous fiscal year, which came to PKR 1.74 per unit. The fiscal year of Pakistan begins on July 1 of the preceding calendar year and ends on June 30.
NEPRA wrapped up its hearing on K-Electric’s yearly claims of unrecoverable dues against chronic defaulters on November 10, according to ARY News.
According to ARY News, during the hearing, customers brought up a number of complaints regarding K-Electric’s right-of-claims from FY17 to FY23, underscoring the significant difficulties that Karachi’s citizens and companies confront.
According to ARY News, K-Electric stated in a statement that it is permitted to include these expenses in the multi-year tariff granted to the utility, which is separate from the monthly electricity rates that customers pay on their bills under the uniform tariff policy.
“These amounts have been unrecoverable despite best efforts against defaulters, including multiple disconnections, engagement with specialized recovery agencies, and area-specific initiatives,” added the statement.
K-Electric said that “the submissions to NEPRA have also undergone strict internal scrutiny as well as external audits by well-accredited and renowned audit firms as required by the NEPRA Authority,” according to ARY News.
