Friday Jun 24, 2022
Electricity prices are expected to rise from July 1 in phases across the country as the basic power tariff will be jacked up to Rs24.8 per unit, Geo News reported, citing sources in the power division.
The decision was taken on June 2 in line with the International Monetary Fund’s (IMF) demands and the power distribution companies’ requests.
The National Electric Power Regulatory Authority (NEPRA) had already raised the basic power tariff by Rs7.9078/kWh for next fiscal year 2022-23.
According to the sources in the power division, from July 1, the basic power tariff will be increased by Rs3.50 per unit after which per unit of electricity price will rise to Rs20.41 from the current price of Rs16.91 per unit.
In August, a further Rs3.50 per unit will be added which will increase the basic electricity tariff to Rs23.91 per unit.
Similarly, the remaining Rs0.91 will be increased in October, taking the basic power tariff to Rs24.82 per unit.
“This increase will not be applicable to the consumers using 200 or fewer electricity units monthly,” the sources said.