Nepra approves power rate hike impacting consumers

The National Electrical Power Regulatory Authority (Nepra) has recently approved a quarterly adjustment resulting in a Rs3.76 per unit increase in power rates. This decision allows power companies to collect over Rs46 billion from consumers during the third quarter of FY2023–24, spanning June, July, and August 2024.

Nepra's notification, in accordance with the relevant regulations, specifies that the approved rate hike will be implemented at Rs1.90/kWh, Rs0.9262/kWh, and Rs0.9262/kWh for the months of June, July, and August, respectively. It is important to note that this increase will impact all consumer categories, excluding lifeline consumers of specific power distribution companies.

Despite this adjustment, Nepra has directed all power distribution firms to comply with court directives diligently. The rise in power prices adds further pressure on the population already grappling with inflation. Notably, Nepra had previously raised power tariffs by Rs2.83 per unit in March 2024 due to fuel charge adjustments.

The National Electrical Power Regulatory Authority (Nepra) is responsible for regulating the power sector in Pakistan. Nepra ensures that power companies operate efficiently and fairly, balancing the interests of consumers and providers. Quarterly adjustments in power rates are common to account for changes in fuel prices and operational costs.

The recent approval of a quarterly adjustment by Nepra leading to an increase in power rates highlights the ongoing challenges faced by consumers in Pakistan. It is essential for consumers to be aware of these changes and to practice energy conservation to manage their electricity bills effectively. Nepra's efforts to regulate the power sector aim to maintain a balance between affordability and sustainability in the energy market.