The government is gearing up to impose an additional burden of Rs 967 billion on electricity consumers nationwide following negotiations with the IMF. Nepra sources revealed that six government electricity distribution companies have submitted applications for price hikes, set to be reviewed on April 2.
These petitions, targeting revenue requirements for the fiscal year 2024-25, come on the heels of CPPA’s recent request for a Rs 4.99 per unit increase, submitted on March 19 and scheduled for Nepra’s hearing on March 28.
The looming electricity price surge, amid several increases during the caretaker government’s tenure, is part of ongoing talks with the IMF. This move is expected to exacerbate the challenges faced by people grappling with poverty and inflation.
Stay tuned for updates on the evolving electricity pricing landscape.
