The Federal Government has submitted a petition to the National Electric Power Regulatory Authority (NEPRA) requesting an increase of Rs 7.91 per unit in the basic power tariff.
The electric power regulator will consider the plea for a tariff hike tomorrow, as the government has completed its preparations for the implementation of the International Monetary Fund’s (IMF) condition for an economic bailout package.
After due deliberation, NEPRA will be forwarding its decision to the government for Ratification.
It has been recommended to raise the base power tariff for all DISCOs, which will include K-electric- the power utility supplying electricity to Karachi.
The federal government has proposed increasing electricity tariffs in phases. In the first phase, the government has proposed increasing the tariff by 3.5 rupees per unit from July, and by another 3.5 rupees per unit from August. In addition, another 91 paise per unit increase in the tariff has been recommended from October.
It is important to note that the NEPRA had previously sent its decision about the hike in basic power tariff, and the government has now filed a plea with the regulator for a unanimous hike in power tariff.
The NEPRA on July 07, approved an increase in the power tariff by Rs7.90 per unit. The fuel adjustment charges (FAC) for June were the basis for this decision. After conducting a hearing on the plea of the Central Power Purchasing Agency (CCPA), the power regulatory authority came to this conclusion.