In a move that has sparked concerns among Karachi’s residents, Pakistan’s National Electric Power Regulatory Authority (NEPRA) has given the green light to a substantial increase in electricity rates for consumers in the city.
This decision, which is part of the first-quarter adjustment for the previous financial year, has left many Karachi Electric consumers reeling as they now face an additional cost of Rs4.45 per unit on their electricity bills. The repercussions of this rate hike will felt in the coming months, with increased collections set to take effect in October and November 2023.
Details:
For consumers with a monthly electricity consumption of 300 units, the approved increase will translate to an additional cost of 1 rupee and 48 paisa per unit. However, those who use more electricity, exceeding 301 units, will experience a steeper rise, with electricity rates surging to 3 rupees and 21 paise per unit.
Impact on Karachi Residents:
The timing of this tariff hike couldn’t be worse for Karachi’s residents, who are already grappling with a range of economic challenges, including a surge in inflation. Understandably, this increase is causing significant concern about its potential impact on household budgets. With many residents already struggling to make ends meet, the electricity tariff hike expected to add additional pressure to the cost of living in the city.
Conclusion:
NEPRA’s decision to raise electricity tariffs in Karachi has set off alarm bells among consumers who are bracing themselves for higher bills in the coming months. As the city’s residents navigate an already challenging economic landscape, the additional burden of increased electricity costs underscores the need for effective measures to mitigate the impact on households and ensure sustainable access to essential services.
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