This amount will be recovered from the consumers in the month of August.
Furthermore, the increase in electricity tariff will apply to all the consumer categories except lifeline consumers and KE users.
The increase in power tariffs will put Rs23 billion in additional pressure on the already burdened masses, who are struggling to make ends meet amidst rising inflation and a weak economy.
Separately on July 14, the National Electric Power Regulatory Authority (NEPRA) hiked the base power tariff by Rs4.96 per unit for the fiscal year 2023-24.
The authority transmitted its recommendation for a basic power tariff increase to the federal government for final approval. After the recommended increase, the base power cost will rise from Rs24.82 per unit to Rs29.78 per unit.
According to a NEPRA representative, the federal cabinet will decide whether the electricity tariff increase would be phased in or not.
The federal government raised the base power tariff by Rs7.91 per unit in three stages for FY2022-23. The officials stated that the rise in the base tariff should not be interpreted as an increase in the basic price of power or an adjustment.
