Electric Shock: Power Division notifies Rs7.5 per unit increase in electricity rates

The Power Division Thursday notified a substantial increase in electricity tariffs, delivering an unexpected electric shock to consumers across the country, reported 24NewsHD TV channel.

The notification regarding the tariff hike will take effect from July 2023, impacting households, businesses, and industries alike.

The basic electricity tariff has surged by Rs 7.50 per unit, reaching Rs 42.72 per unit. When accounting for sales tax, the final tariff per unit has risen to Rs.50.41. These soaring rates are likely to put additional strain on consumers already grappling with the economic challenges.

Let's delve into the details of the revised tariff structure:

For Residential Consumers:

Monthly Tariff for 1 to 100 units increased by Rs 3 to Rs 16.48

Monthly Tariff for 101 to 200 units increased by Rs 4 to Rs 22.95

Monthly Tariff for 201 to 300 units increased by Rs 5 to Rs 27.14

Monthly Tariff for 301 to 400 units increased by Rs 6.50 to Rs 32.03

Monthly Tariff for 401 to 500 units increased by Rs 7.50 to Rs 35.24

Monthly Tariff for 501 to 600 units increased by Rs 7.50 to Rs 36.66

Monthly Tariff for 601 to 700 units increased by Rs 7.50 to Rs 37.80

Monthly Tariff for over 700 units increased by Rs 7.50 to Rs 42.72

For Lifeline Customers (up to 100 units per month):

Rs 3.95 per unit for consumption up to 50 units per month

Rs 7.74 per unit for consumption from 51 to 100 units per month

For Protected Customers (up to 200 units per month):

Rs 7.74 per unit for consumption from 1 to 100 units per month

Rs 10.06 per unit for consumption from 101 to 200 units per month

For Time-of-Use Three-Phase Peak Hours (per unit):

Rs 41.89 for the peak hours

Rs 35.57 for off-peak hours

These revised electricity prices extend to all Distribution Companies (DISCOs) operating in the country, including K Electric.

Moreover, commercial, industrial, and agricultural sectors will also feel the impact of this price hike, with electricity now being more expensive by 7.5 rupees per unit.

However, for the average consumer, these increases may lead to higher utility bills, putting an additional burden on household budgets and affecting overall purchasing power.