NEPRA approves Rs3.03/unit tariff hike for K-Electric consumers

Karachi: National Electric Power Regulatory Authority (NEPRA) on [date] notified a tariff increase of Rs3.03 per unit for K-Electric consumers, effective immediately.

The decision comes after K-Electric requested a Rs3.09 per unit hike in the July monthly fuel price adjustment. NEPRA’s approval will result in increased electricity bills for consumers.

According to the notification, K-Electric will collect the additional amount through December 2024 bills. This move is expected to further burden consumers already struggling with inflation.

This development has sparked concerns among consumers and experts, who argue that the continuous tariff hikes will exacerbate the economic burden on the public.

Meanwhile, the National Electric Power Regulatory Authority (NEPRA) slashed power tariffs in the fuel price adjustment (FPA) for August 2024.NEPRA announced the decision after a public hearing as Central Power Purchasing Agency sought 0.57  cut in price.

The national power regulator stated that the fuel charge adjustment for July already shows drop of Rs37 paisa per unit. As a result, consumers will see an overall reduction of 49 paisa per unit in August compared to July’s rates.

Consumers will get relief in October electricity bills, and those who have already received their bills will see the adjustment applied in November.

The reduction applies to all consumers of distribution companies (DISCOs), but excludes lifeline and prepaid customers, as well as electric vehicle charging stations. K-Electric customers will also not benefit from this adjustment.