Lahore – The PML-N government has officially sanctioned a significant increase in the base tariff for electricity, with per unit prices rising by as much as Rs7.12, effective from July 1, 2024. This adjustment means consumers will face higher bills starting August 2024, adding to their financial burdens amidst escalating inflation.
According to a notification from the Finance Division, lifeline consumers using up to 50 units per month will continue to pay the previous rate of Rs3.95 per unit. However, those consuming up to 100 units per month will see a hike to Rs7.74 per unit.
To alleviate the impact, the government has granted a three-month exemption or relief till September 2024 for consumers using up to 200 units per month. Beyond this threshold, consumers will experience varying increases: users of 200 to 300 units will pay Rs34.26 per unit, marking a rise of Rs7.12 per unit. For those using 301 to 400 units, the rate will increase by Rs7.02 to Rs39.15 per unit in August 2024.
Consumers in higher brackets will also face increases: those using 401 to 500 units will pay Rs41.36 per unit, an increase of Rs6.12; users of 501 to 600 units will pay Rs42.78 per unit, also up by Rs6.12. The rate for consumers in the 601 to 700 unit range will be Rs43.92 per unit, while users of more than 700 units will pay Rs48.84 per unit, after a hike of Rs6.12.
Additionally, new fixed charges have been announced across different consumption levels. For instance, consumers falling within the 301 to 400 unit range will now face a base electricity price of Rs39.15 per unit, along with a fixed charge of Rs200. For a consumption of 397 units in July 2024, the calculated electricity cost under the revised tariff would amount to Rs15,742.55 (397 * Rs39.15 + Rs200).
It should be noted that these calculations exclude FC Surcharge, Fuel Price Adjustment, Quarterly Adjustment, TV Fee, and other duties and taxes applicable to electricity bills.
