The National Electric Power Regulatory Authority (NEPRA) has announced an increase in the electricity price for Karachi by Rs3.03 per unit as part of the monthly fuel price adjustment for July 2024. This increase will be reflected in consumer bills in December 2024.
Key Details:
- Initial Request: K-Electric had initially sought an increase of Rs3.09 per unit, citing escalating fuel costs.
- NEPRA’s Decision: After reviewing K-Electric’s proposal, NEPRA approved a slightly lower increase of Rs3.03 per unit for consumers in Karachi.
Read More: NEPRA Reduces Electricity Tariff by Rs0.86 per Unit
Recent Developments:
Just days prior to this announcement, NEPRA had declared a reduction of Rs0.86 per unit in electricity prices for August, aimed at providing some relief to consumers with lower bills in October. The reduction is set to be reflected in November bills for customers who had already received their statements.
- Applicability of the Reduction: The price decrease applies to all customers of distribution companies (DISCOs), with the exception of:
- Lifeline users
- Prepaid consumers
- Electric vehicle charging stations
- K-Electric customers were also excluded from this relief.
Summary
As the electricity price adjustment fluctuates, consumers in Karachi will see the effects of the new rate increase starting in December, while those who benefit from the recent price cut will see adjustments in their upcoming bills. This back-and-forth in pricing underscores the ongoing challenges related to fuel costs and regulatory measures in the energy sector.
