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NEPRA Raises Power Rates For K-Electric Consumers

NEPRA Raises Power Rates For K-Electric Consumers

The National Electric Power Regulatory Authority (NEPRA) granted approval for a tariff increase on Friday following the request of the caretaker government to maintain consistency in the nation’s power tariffs.

In response to third-quarter adjustment costs from the previous fiscal year, NEPRA authorized a spike of Rs1.72 per unit for K-Electric (KE) customers, as stated in the released notification.

Read more : NEPRA Hikes Electricity Tariff by Rs3.07 for December

The notification specified an increase of Rs1.25 per unit for the January–March 2023 adjustment period and an additional Rs0.47 per unit for the October–December 2022 adjustment period.

The federal government received official notice of the electricity price hike from NEPRA, and Karachi energy consumers will be required to pay additional fees on their bills from January to March 2024.

Earlier this month, NEPRA announced that all customer categories, excluding lifeline and K-Electric users, would experience a power tariff increase of Rs1.15 per unit after the first quarter of the current fiscal year’s monthly fuel adjustment.