Connect with us

Hi, what are you looking for?

Economy

NEPRA announces tariff cut but deprives majority of consumers from this relief

ISLAMABAD: The National Electric Power Regulatory Authority today announced a reduction of Rs7.43 per unit for electricity consumers in Islamabad and Karachi under the quarterly fuel cost adjustment.

The authority, however, deprived a majority of the consumers from this relief saying that lifeline consumers, domestic consumers with power consumption up to 300 units and agriculture sector will not be able to benefit from this relief.

Worth noting is that in the winter season, monthly power consumption of domestic users remains below 300 units because of non-utilization of electric fans in the chilling weather.

The National Electric Power Regulatory Authority (NEPRA) notified cut in the power tariff on the application of K-Electric.

Meanwhile, NEPRA also approved an increase in power tariff by Rs0.19/unit for rest of the country on account of monthly FCA.

The hike in tariff was approved after the public hearing to consider the monthly fuel adjustment (MFA) on a petition filed by the Central Power Purchasing Agency-Guarantee.

The NEPRA has issued notification of the increases in electricity prices and the recent hike will be charged in the bills for January 2023, it added.

According to the notification of Nepra, this will not be applicable to lifeline consumers, household consumers up to 300 units, agricultural consumers, and electric vehicle charging stations.

In Islamabad, the reduction will be applicable for only one month.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Economy

ISLAMABAD: The International Monetary Fund (IMF) announced sending its staff mission to Pakistan on Jan 31 for talks on the 9th quarterly review of...

Economy

ISLAMABAD: ECC approved the increase in discretionary spending of parliamentarians to Rs90 billion, in complete disregard of the looming economic meltdown. The allocation includes...

International

Egypt unveils 4,300-year-old mummy, tombs: Egypt unveils 4,300-year-old mummy, tombs Archaeologists discovered a Pharaonic tomb in Cairo, Egypt’s capital, with what may be the...

Politics

ISLAMABAD: PPP co-chairman Asif Zardari sent 10 billion rupees in a legal notice to Imran Khan for accusing him (AZ) to plan the murder...