NEPRA increases electricity price by Rs3.33 per unit

The National Electric Power Regulatory Authority (NEPRA) has increased the cost of electricity by Rs3.33 per unit, reported 24NewsHD TV channel on Thursday.

NEPRA hiked the price of electricity in April's monthly fuel adjustment.

Nepra has notified the increase in electricity price

According to notification additional collections from electricity consumers will be made in June bills.

The hike will not be applicable to K-electric consumers, the notification said.

It is worth mentioning that just five days ago on June 01, NEPRA approved Rs3.76 per unit increase in electricity prices for the entire country, including Karachi, under the third quarterly adjustment of the ongoing financial year (FY).

The hike will put an additional burden of over Rs46 billion on consumers.

NEPRA said that consumers would now pay the increased amount in their electricity bills from June 2024 to August 2024.

The Authority said that consumers would be charged Rs1.90 per unit in June; 93 paisa per unit in July and 93 paisa per unit in August.

Last month on May 8, Nepra also notified a hike of Rs 2.84 per unit in the price of electricity.

According to a notification issued on Wednesday, the price has been hiked due to March's fuel adjustment and new rates will be changed from the consumers in the bill of May 2024. 

The decision will apply to all consumers of the power distribution companies; however, lifeline and Karachi-Electric (K-Electric) consumers have been exempted from the raise.    

Similarly, Nepra’s decision will also not apply to the electric vehicles’ charging stations.

The increase will have an additional burden of about Rs 26 billion including sales tax on electricity consumers.

Reporter: Awais Kiyani