The National Electric Power Regulatory Authority (NEPRA) has issued a notification announcing a 20-paise per unit increase in electricity prices.
According to reports, this increase in electricity prices is part of the quarterly adjustment for the first quarter of the current fiscal year. According to the notification, consumers will bear an additional burden of Rs1.18 billion in electricity prices.
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NEPRA had previously finalized the July to September quarterly adjustment and sent the decision to the government.
The increase in electricity prices will be applicable for December 2024 only. However, the adjustment will not apply to lifeline and prepaid electricity consumers. Additionally, under the winter package, consumers using extra electricity will also be exempted from this quarterly adjustment.
It is worth noting that the recovery of the last fiscal year’s final quarterly adjustment, which amounted to Rs. 1.74 per unit, concluded in November 2024.
NEPRA on December 10, concluded its hearing on K-Electric’s annual claims of unrecoverable dues against chronic defaulters.
During the hearing, consumers raised multiple grievances on K-Electric’s right-of-claims between FY17 and FY23, highlighting severe challenges faced by Karachi’s residents and businesses.
