The National Electric Power Regulatory Authority (NEPRA) has issued an initial recommendation to increase the electricity price by a significant Rs5.62 per unit, based on December’s fuel price adjustment.
The decision came after a hearing on the Central Power Purchasing Agency’s (CPPA) request, seeking the price hike to cover rising fuel costs.
According to CPPA, the reference fuel price for December was set at Rs5.40 per unit, significantly higher than the average cost per unit of Rs11 in December. NEPRA has granted preliminary approval to CPPA’s request, but a final decision will be issued after further data analysis.
This potential price hike comes on the heels of several recent increases, further straining household budgets and stoking public anxieties.
