ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) hiked power prices by Rs5.94 per unit on Thursday as part of a monthly fuel adjustment.
After hearing the Central Power Purchasing Agency’s request, the power regulating body made the decision (CCPA). Consumers would bear a total cost of Rs58 billion as a result of the rise in electricity tariffs.
According to a notice issued to this effect, life consumers and K-Electric are excluded from the rate rise.
CPPA had previously requested an Rs6.10 per unit rise in electricity rate as part of the January fuel adjustment.
In contrast, three days after Prime Minister Imran Khan announced historic and massive relief to the people, the Economic Coordination Committee (ECC) authorized an Rs5 per unit drop in power costs on Monday.
Shaukat Tarin, the Federal Minister of Finance and Revenue, presided over the meeting of the Economic Coordination Committee (ECC).
The Ministry of Energy (Power Division) provided a summary of the Prime Minister’s incentive package for lower power prices.