The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs 0.83 per unit in the power tariff on Thursday.
According to the details, the national power regulatory authority’s (NEPRA) notification stated that the price hike was made in the context of fuel price adjustment made in July.
“The increase will be collected in October bills, however, the increase in electricity prices will not apply to K- Electric customers,” the notification stated..
Expensive electricity would impose an additional burden of more than Rs10 billion on consumers.
Let it be known that on October 7, the Power Division told the federal cabinet the government would have to increase electricity rates by Rs 6.06 per unit in a bid to clear the backlog of circular debt in the financial year 2023.
The Power Division said the circular debt base case stood at Rs 450 billion in the financial year 2018 that jumped up to Rs 850 billion in the financial year 2020. It is expected to rise to Rs1.6 trillion in the financial year 2023.