The National Electric Power Regulatory Authority (NEPRA) has announced an increase in electricity prices by Rs3.33 per unit, placing an additional burden of over Rs35 billion on consumers.
This adjustment comes as part of April's monthly fuel adjustment, according to a notification issued by the authority.
The Central Power Purchasing Agency (CPPA) had initially requested a price hike of Rs3.49 per unit, but NEPRA has settled on a slightly lower increase. The notification for the price rise was issued on Thursday, confirming that the new rates will be reflected in this month's electricity bills.
The decision to increase the electricity tariff is expected to have significant financial implications for consumers, who are already grappling with rising living costs.
Also Read: Nepra announces electricity price increase for June-August
On June 4 also, Nepra had issued a notification announcing an increase in electricity prices as part of the quarterly adjustment for the current financial year. The price hike was set to impact consumers over the next three months.
According to the notification, electricity prices rose by Rs1.90 per unit for the month of June. For the months of July and August, there was to be an increase of 93 paisas per unit. This adjustment means that consumers will experience higher electricity bills during the period of June to August 2024.
The price hike is set to impose a burden of more than Rs46 billion on power consumers, which would be applicable to K-Electric consumers also. An increase of Rs3.28 has also been approved for electric vehicles charging stations.
