In a significant development, the National Electric Power Regulatory Authority (NEPRA) has approved an increase of 20 paisa per unit in electricity prices across the country. This adjustment has been made under the first quarterly adjustment for the fiscal year 2024.
Details of NEPRA’s Decision
The adjustment pertains to the period of July to September 2024. NEPRA has forwarded its decision to the federal government for implementation. According to the decision, the new rates will be effective for one month only, specifically in December 2024.
Comparison with Previous Adjustment
For context, the quarterly adjustment for the last quarter of the previous fiscal year stood at Rs. 1.74 per unit. This indicates a comparatively smaller increase for the current quarter.
Impact on Electricity Bills
The adjustment will reflect in consumer electricity bills issued during December 2024. While the increase may seem minimal, it is part of a broader strategy to align electricity pricing with rising production and operational costs.
Why This Adjustment Matters
Quarterly adjustments are a regular feature of Pakistan’s power tariff system. They are designed to account for fluctuations in fuel costs, capacity payments, and other factors affecting power generation. This 20 paisa per unit increase is expected to have a moderate impact on household and commercial electricity bills.
What Consumers Need to Know
- Effective Date: The increase applies only to December 2024 bills.
- Quarterly Adjustment: Covers the period of July to September 2024.
- Previous Adjustment: The last adjustment for the fiscal year 2023 was Rs. 1.74 per unit.
This price hike comes amidst growing concerns about inflation and rising energy costs, further emphasizing the need for energy conservation and efficient usage by consumers.
Stay tuned for more updates on electricity pricing and its impact on consumers.
source https://enews.hamariweb.com/pakistan/electricity-prices-increased-nepra-approves-20-paisa-per-unit-hike/
0 Comments