NEPRA has approved a hike of Rs. 5.40 per unit in power tariff for the fourth quarter of FY23. All consumers, except Lifeline and K-Electric customers, will be impacted by this and will pay it over three months.
The ex-Wapda distribution companies (XWDISCOs) had filed their requests for adjustments on account of capacity charges, transmission charges, and market operator fees, the impact of incremental units, the impact of T&D losses on FCA and variable operation & maintenance charges for the fourth quarter of FY23 i.e. April to June 2023 on which NEPRA held a hearing on Wednesday.
The approval means that power consumers will pay an additional Rs. 144 billion to distribution companies. Consumers will pay the increase through bills for September, October, and November.
The authority will issue its detailed decision in the coming days and it may consider the request of the Power Division to collect the increase in six months instead of three as consumers are already facing massive bills
In a significant development, NEPRA’s approval of a Rs. 5.40 per unit increase in electricity prices reflects the ongoing challenges within the energy sector. As consumers, this decision prompts us to reconsider our energy consumption patterns and explore more sustainable practices. Balancing affordability with the need for a stable energy supply remains a complex task that requires continued attention and collaboration between regulatory bodies, energy providers, and the public.
