The federal government has decided to increase K-Electric customers’ power costs by 51 paise per unit for three months, from 1 November 2022 to 1 January 2023.
In this respect, the federal government has authorized the National Electric Power Regulatory Authority (NEPRA) to collect the sum as mentioned above from all KE customers, with the exception of those who are eligible for domestic lifelines.
NEPRA approved the price rise as part of the FY22 quarterly tariff adjustment a few months ago, but the government did not execute it. Consequently, NEPRA will merely have to release a new tariff schedule as a formality.
It is worth noting that the Economic Coordination Committee (ECC) planned to charge 51 paisa per unit beginning October 1, but the action was postponed owing to requisite permits. As a result, the money will be returned this month.
Furthermore, the Power Division wrote to NEPRA, requesting that it enforce a revised uniform tariff to ensure consistent electricity rates across the country under the National Electricity Policy 2021, despite the fact that all other distribution companies (DISCOs) except KE had already been notified of a standardized base tariff.
According to the Electricity Division, the step will assist KE in meeting income requirements set by the power regulator. It suggested that the regulator recover rate modifications for September, October, and November from customers in November, December, and January 2023 electricity bills.