Power Regulatory Authority Considering a Hike of Rs. 3.53 per Unit
In a potential blow to consumers, the Central Power Purchasing Agency (CPPA) has recently submitted a proposal to the National Electric Power Regulatory Authority (NEPRA) seeking an increase in electricity prices by Rs. 3.53 per unit. This move comes as part of the monthly fuel adjustment for October 2023.
Preparations are underway to impose an extra burden of Rs. 40 billion on electricity consumers, subject to NEPRA’s approval. The regulatory body is scheduled to review CPPA’s request on November 29, and if approved, consumers could face a substantial increase in their electricity bills.
The proposed hike is rooted in the fuel adjustment mechanism, a periodic review that aims to align electricity prices with fluctuations in fuel costs. Sources suggest that the surge in electricity prices will not be uniform across all consumer categories.
If the increase is approved, consumers in Pakistan may experience a significant rise in their electricity bills. The potential burden of Rs. 3.53 per unit, coupled with the additional Rs. 40 billion, underscores the financial implications for households and businesses alike.
As the nation awaits NEPRA’s decision, the looming prospect of higher electricity prices raises concerns among consumers. The outcome of the November 29 review will shed light on the future cost of electricity in Pakistan, impacting the daily lives and budgets of millions.
