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HomeLatest NewsBusinessNepra okays hike in electricity tariff in terms of 'quarterly adjustment'

Nepra okays hike in electricity tariff in terms of ‘quarterly adjustment’

A representational picture of pylons and energy traces. — Reuters/File
  • At present relevant changes of over Rs4 per unit to run out on thirtieth.
  • Rs85.2bn to be charged from energy customers by way of latest tariff hike.
  • New hike may also be relevant to Ok-Electrical, besides lifeline customers.

ISLAMABAD: Energy customers will now need to bear an extra burden of Rs2.75 per unit because the Nationwide Electrical Energy Regulatory Authority (Nepra) accepted mountaineering the tariff for the present quarter of the fiscal 12 months 2023-24.

The newest hike was accepted when it comes to quarterly adjustment value Rs85.2 billion in complete for the second quarter of FY2023-24, having a uniform impression Rs2.75 per unit on every client.

At present relevant two quarterly changes of Rs4.43 per unit shall stop to exist from March 30, 2024, as per a press release issued by the facility regulatory authority on Thursday.

It added that the authority has determined to use the second quarterly adjustment from April 2024 onward i.e. after the expiry of the prevailing relevant changes.

The extra quantity can be charged from “XWDISCOs and Ok-Electrical” customers, besides lifeline customers, in electrical energy payments of April, Could, and June.

The Nepra forwarded its determination concerning the contemporary hike in energy tariff to the federal authorities which might be notified after its closing approval.

Earlier in January, a hike of Rs4.12 per unit in electrical energy worth was accepted by the Nepra owing to “month-to-month gas adjustment” for all customers, apart from lifeline and Ok-Electrical prospects, in accordance with Prime Time News24.

Previous to approving the hike in January, the authority had okayed a hike of Rs2.87 per unit for Ok-Electrical customers simply two days earlier than growing energy tariff for customers of different DISCOs.

It’s pertinent to say right here that Pakistan had lately signed a Stand By Settlement (SBA) with the Worldwide Financial Fund (IMF) to get third tranche of mortgage value $1.1 billion wherein the lender sought assurances from the federal government on numerous points akin to mountaineering electrical energy and fuel tariffs from July 1 moreover growing quarterly tariff adjustment and making changes underneath gas worth changes.



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