In a time-sensitive development, the National Electric Power Regulatory Authority (NEPRA) has made a significant announcement regarding electricity prices. On Thursday, NEPRA officially implemented an increase in the price of electricity, raising it by Rs 1.71 per unit. This adjustment primarily pertains to Fuel Charges for the month of October 2023.
The ramifications of this power tariff increase are widespread, affecting consumers across all categories. Importantly, consumers will find the approved tariff hike clearly delineated on their monthly bills, ensuring transparency in the billing process.
This latest adjustment comes hot on the heels of another significant decision made by NEPRA just a couple of days ago. The regulatory authority had greenlit an even larger hike in power tariffs, amounting to Rs 3.28 per unit. This particular increase, again linked to Fuel Charges Adjustment, is slated to be in effect from October 2023 through March 2024.
Just like the previous adjustment, consumers will see the approved tariff hike as a separate line item on their bills. The effects of this particular increase will start to manifest in the bills for the month of October 2023.
As these changes take effect, it is imperative for consumers to remain informed about the evolving electricity tariff landscape, as it directly impacts their monthly expenses.