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Electricity Prices in Pakistan Expected to Rise From March 1

Electricity Prices in Pakistan Expected to Rise From March 1

Electricity Prices in Pakistan Expected to Rise From March 1

Electricity Prices in Pakistan Expected to Rise From March 1

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  • NEPRA is expected to raise electricity rates in Pakistan due to fuel cost adjustments.
  • CPPA has requested NEPRA for a one-month increase in electricity prices.
  • CPPA reported distributing 7.93 billion units to power distribution companies in January 2024.
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In Islamabad, the National Electric Power Regulatory Authority (NEPRA) is anticipated to raise electricity rates in Pakistan due to fuel cost adjustments.

The Central Power Purchasing Agency (CPPA) has submitted a request to NEPRA, seeking a one-month increase in electricity prices.

Expected Increase in Power Tariff in Pakistan

CPPA has demanded a Rs7.31 per unit increase in the power tariff on account of fuel cost adjustments. If the demand is approved by NEPRA, it would put an additional burden of Rs 66.77 billion on inflation-bitten consumers.

In its petition, CPPA stated that 7.93 billion units were distributed to power distribution companies in January 2024.

Nepra will address the petition on February 23. The revised prices will not affect consumers at KE.

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Increase in Gas Price

Earlier this month, the federal cabinet approved a significant increase in gas prices, raising them by up to 67% for residential users and by 700% for fertilizer plants. This move aims to recover an additional Rs242 billion from all consumers.

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Following the cabinet meeting, the Oil and Gas Regulatory Authority promptly issued a notification regarding the new gas prices, in compliance with the International Monetary Fund’s requirement to increase prices by February 15th, which fell on a Thursday. The decision, effective February 1st, would result in revised rates on the upcoming bills, as indicated in the notification.

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