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The inflation-hit people of Pakistan are hopeful that the inflated electricity bills will witness a decrease in the upcoming month as the government is in talks with the IPPs for reducing the power tariff, while a decrease in fuel prices can also impact the prices and bring them low.
However, the hope of the masses will not be fulfilled as the National Electric Power Regulatory Authority (Nepra) has announced that a significant increase in electricity tariffs is expected in the coming months due to the Quarterly Tariff Adjustments (QTAs).
During a public hearing regarding a negative adjustment of 58 paisa per unit for August 2024, concerns about the drop in electricity consumption were raised by Nepra, the CPPA-G, and industrial representatives. However, the net effect of this negative adjustment will be 20 paisa per unit since the negative adjustment of 37 paisa from July 2024 will be offset in September 2024.
It should be noted that the government has announced many times that negotiation is underway with Independent Power Producers( IPPs) over the capacity charges issue and soon the people will have good news, however, the Nepra new announcement is contrary to the government’s claims.
