The electricity consumers will pay additional Rs 16 billion this month.
Islamabad (Pakistan Point News – 3rd October, 2018) The electricity prices have been increased by Rs 1.16 per unit.
A notification in this regard has also been issued.
The increase in electricity tariff has been done under monthly fuel adjustment.
The electricity consumers will pay additional Rs 16 billion this month.
The National Electric Power Regulatory Authority (NEPRA) had approved an increase in electricity tariff.
According to details, the NEPRA had approved increasing electricity tariff by Rs 1.16 per unit. The increase in electricity tariff has been done under fuel price adjustment for August.
NEPRA sources said that the power purchasing agency had requested a Rs 1.5 per unit increase in the electricity tariff. The new prices will be implemented on all the power distribution companies except K-Electric.
The Economic Coordination Committee of the Cabinet (ECC) had earlier deferred its decision to increase electricity tariff and directed NEPRA and Power Division to prepare a comprehensive plan for improvement in service delivery in the power sector, reduction in transmission and distribution losses and maximizing recovery.
The meeting of the committee was held under the chairmanship of Federal Minister for Finance, Revenue and Economic Affairs Asad Umar here at the Cabinet Division.
On the proposal moved by the Ministry of Energy for the "Tariff Rationalization for Power Sector", the Committee also directed power division to ensure that while preparing the plan for any increase in power tariff; it should be ensured that the poor and lower end consumers are not unnecessarily burdened.
