The National Electric Power Regulatory Authority (NEPRA) has announced a significant increase in the basic tariff of electricity, raising it by approximately Rs4.96. This decision comes as a response to the persistent financial challenges faced by power distribution companies and the need to meet the stringent conditions set by the International Monetary Fund (IMF).
The adjustment in the tariff is expected to have an impact on consumers across the country, as the average price per unit, including taxes and slabs, is set to rise to Rs50. This increase signifies a notable jump from the previous average tariff of Rs24.82 per unit. With taxes and slabs factored in, the average price per unit will reach Rs50.
NEPRA has issued a formal notification outlining the revised rates and the timeline for their implementation. The new tariff rates aim to address the financial difficulties faced by power distribution companies and ensure compliance with the conditions set by the IMF.
The decision has drawn attention to the potential impact on consumers, who will experience higher electricity bills due to the increased tariff. The rise in electricity prices is likely to put an additional burden on households and businesses already grappling with rising costs of living and economic challenges.
As the revised tariff comes into effect, consumers are advised to take measures to manage their energy consumption and explore energy-saving options to mitigate the impact on their utility bills.
NEPRA’s decision reflects the ongoing efforts to stabilize the energy sector and meet the requirements set by international financial institutions. The authority aims to address the financial sustainability of power distribution companies and ensure a more robust and reliable electricity supply system in the country.
The implementation of the revised tariff rates will be closely monitored, and any necessary adjustments or improvements will be considered to strike a balance between the financial viability of the power sector and the affordability of electricity for consumers.
The increase in electricity tariff raises concerns about the affordability of essential utilities for the general public. It emphasizes the need for long-term solutions to improve the efficiency of the power sector, explore renewable energy options, and enhance transparency and accountability in the management of the energy sector to ensure a sustainable and affordable supply of electricity for all.
