The National Electric Power Regulatory Authority (NEPRA) has granted approval for an increase in the cost of electricity for Karachi by Rs 2.87 per unit. This approval is for the quarterly adjustment covering the period from January to March 2023. The decision has been sent to the federal government for implementation.
Key Points:
-
Quarterly Adjustment Increase: NEPRA’s approval for the increase is in response to the quarterly adjustment requested by K Electric, the power distribution company in Karachi.
-
Federal Government Request: The federal government had already requested an increase of Rs 1.25 per unit in the quarterly adjustment. This earlier increase will be applicable to electric consumers, as per the uniform tariff policy.
-
Non-Applicability to K Electric Customers: The sources mention that the increase granted on the request of K Electric will not be applicable to the consumers served by K Electric.
-
Subsidy in Case of Higher Increase: If the price increase exceeds Rs 1.25 per unit, the federal government is expected to provide a subsidy to compensate for the additional cost.
This development signifies adjustments in electricity costs to address various factors, and the federal government’s role in managing tariff increases while considering consumer interests. The subsidy mechanism aims to control the impact of higher costs on consumers.
