According to Nepra Notification, for the monthly fuel charges adjustment of August, an increase of electricity price of Rs 1.95 per unit has been approved.
Islamabad: Electricity has become more expensive. The government has imposed another burden on the people who are already worried about inflation.
A hearing was held in the National Electric Power Regulatory Authority (NEPRA) at the request of the Central Power Purchasing Agency-Guarantee (CPPA-G). CPPA-G’s request recommended an increase of Rs 2.7 per unit price of electricity.
According to the notification, the Central Power Purchasing Agency (CPPAG) requested an increase of Rs 2.7 per unit, on which the authority held a public hearing on September 30, 2021, at the Fuel Charge Adjustments
However, NEPRA has issued a notification approving an increase of Rs 95 paise per unit. This increase will apply to consumers of all WAPDA distribution companies (IESCO, QESCO, SEPCO, LESCO, FESCO, GEPCO, TESCO)
However, this increase will not be applied to the lifeline and K Electric customers.
This increase in electricity price is made in the context of August’s monthly fuel adjustment, which will be applicable to the bills for the month of October 2021.
Meanwhile, the International Monetary Fund (IMF) has made another demand which has led to a further increase in the price of electricity and taxes in the country.
In this regard, the IMF has asked Pakistan to take further tax measures with regard to income tax, sales tax and regulatory duty so that the annual revenue target may be increased from Rs 58 trillion to Rs 63 trillion.
It is also proposed to increase the basic price of electricity tariff by Rs 1.40 per unit to control large revolving debt.
It is worth mentioning here that just two days ago, NEPRA has increased the price of electricity by Rs.1. 65 per unit. NEPRA has also issued a notification in this regard.
Due to this latest notification issued by NEPRA, an additional burden of Rs 30 to 40 billion will be imposed on WAPDA consumers.
The increase in electricity prices has been made in the context of quarterly fuel adjustment. The increase in prices will be applicable to consumers with more than 300 units.