Pakistan’s NEPRA Increases Electricity Tariff by PKR 2.56 per Unit
The National Electric Power Regulatory Authority (NEPRA) has announced an increase in electricity tariff by Pakistani Rupees (PKR) 2.56 per unit in Pakistan. This increase is part of the monthly fuel adjustment for June, and consumers will see the extra charges in their August bills. However, Lifeline consumers and K Electric consumers will not be affected by this increase.
The Central Power Purchasing Agency (CPPA), which buys electricity from power plants for distribution companies in Pakistan, had initially requested a rise of PKR 2.63 per unit. NEPRA approved a slightly lower increase of PKR 2.56 per unit. This adjustment will add a financial burden of more than PKR 30 billion on electricity consumers in Pakistan.
Earlier this month, K-Electric announced that electricity consumers in Karachi will receive higher bills in August. These bills will include three-month adjustments, causing customers to pay up to PKR 3.22 per unit. The added charges for this year’s adjustment will be PKR 0.93 per unit from January to March. K-Electric is also seeking to adjust charges for May by PKR 2.53 per unit and for June by PKR 2.92 per unit. Additional charges from last year will be PKR 0.66 for the August 2023 adjustment, PKR 1.77 per unit for the November 2023 adjustment, and PKR 0.79 per unit for the December 2023 adjustment.
Doubts Revealed
NEPRA -: NEPRA stands for National Electric Power Regulatory Authority. It is a government organization in Pakistan that controls and regulates the electricity supply.
PKR -: PKR stands for Pakistani Rupee, which is the currency used in Pakistan.
Tariff -: A tariff is the price or cost that people have to pay for using electricity.
Unit -: In this context, a unit refers to a specific amount of electricity, usually measured in kilowatt-hours (kWh).
Monthly fuel adjustment -: This is a regular change in electricity prices based on the cost of fuel used to generate electricity.
Lifeline consumers -: Lifeline consumers are people who use very little electricity and are usually given special, lower rates to help them afford it.
K Electric -: K Electric is a company that supplies electricity to the city of Karachi in Pakistan.
Central Power Purchasing Agency -: This is an organization in Pakistan that buys electricity from different power plants and sells it to distribution companies.
Burden of over PKR 30 billion -: This means that the total extra cost that all consumers will have to pay because of the tariff increase is more than 30 billion Pakistani Rupees.
