Tag: tariff hike
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Nepra approves Rs7.056 per unit hike for power consumers
In a setback for the already burdened public grappling with inflation, the National Electric Power Regulatory Authority (Nepra) has greenlit a fuel cost adjustment, paving the way for a Rs7.0562 per unit increase in tariffs for March 2024.
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NEPRA greenlights Rs1.52 per unit hike in power tariff for Karachi residents
The National Electric Power Regulatory Authority (NEPRA) has granted approval for an increase in the electricity tariff by Rs1.52 per unit for consumers of K-Electric.
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Govt plans to increase gas and electricity prices in January
The interim Finance Minister, Dr Shamshad Akhtar, announced during a press conference that the caretaker government is planning to increase electricity and gas tariffs in January to address the circular debt issue, in line with the International Monetary Fund’s (IMF) Stand-By Arrangement (SBA).
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Electricity tariff for K-Electric consumers increased by Rs4.45 per unit
Residents of Karachi are set to see an increase in their electricity bills, as the National Electric Power Regulatory Authority (Nepra) has recently decided to raise the power tariff by Rs4.45 per unit for consumers of K-Electric (KE).
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Power sector’s circular debt surpasses Rs2 trillion despite massive tariff increase
Even though they increased electricity prices a lot, Pakistan’s power sector ended up owing more money. In June 2023, their debt was Rs2.31 trillion, which is higher than the Rs2.25 trillion it was in the year before (FY22). This increase is about Rs57 billion or around 3%, and it’s the opposite of what happened in…
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Nepra approves Rs1.46 per unit fuel charge adjustment
The FCA, however, excludes electric vehicle charging stations (EVCS) and lifeline consumers. This means that this adjustment will be itemised separately on consumers’ bills based on their electricity usage in July 2023. The billing for this adjustment is scheduled for September 2023.
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IMF approves relief plan for 4 million consumers with monthly power usage below 200 units
After extensive negotiations prompted by widespread protests against soaring electricity bills, the International Monetary Fund (IMF) has reportedly granted approval to a relief proposal targeting consumers with monthly electricity consumption of up to 200 units, allowing authorities to implement an installment-based billing system, according to sources cited by Geo News. Sources indicated that the final…
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NEPRA approves Rs5.40 per unit power tariff increase for quarterly adjustment
The National Electric Power Regulatory Authority (NEPRA) has given its approval for a quarterly adjustment, resulting in an increase of Rs5.40 per unit in the power tariff.
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Load shedding and unbearable hike in electricity prices hit Pakistani homes and businesses
Pakistan is facing an ongoing and unbearable increase in electricity tariffs, causing hardships for the majority of the population. The government justifies these price hikes by claiming they are under pressure from the International Monetary Fund (IMF) to generate more revenue. However, the tariff increase is mainly due to fuel price adjustments and high taxes…
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Big power consumers to face increased tariff due to IMF conditions
The Economic Coordination Committee (ECC) of the Cabinet approved the removal of subsidies in electricity tariffs for the export-oriented sector and the Kissan package in order to meet one of the International Monetary Fund’s (IMF) preconditions for reaching a staff-level agreement. Federal Minister for Finance and Revenue Senator Ishaq Dar presided over the meeting, where…