Jan bills show a Rs4.12/unit increase in the power cost

The monthly fuel adjustment has resulted in a rise in electricity prices of Rs4.12 per unit, as announced by the National Electric Power Regulatory Authority (Nepra).

Electricity users will need to make extra payments on their January bills, according to the Nepra. According to Nepra’s statement, customers of K Electric and Lifeline will not be affected by the rise. It should be mentioned that Nepra approved a Rs2.87 per unit increase in the cost of energy for Karachi on Wednesday.

The National Electric Power Regulatory Authority (NEPRA) has increased the power price due to monthly fuel adjustments, therefore electricity consumers will have to pay an extra Rs4.12 per unit on their January 2024 bills.

According to Nepra’s statement, customers of K Electric and Lifeline will not be affected by the rise. It should be recalled that Nepra approved on Wednesday an increase in Karachi’s energy prices of Rs2.87 per unit. This was published on Friday by The News.

On January 2, Muhammad Ali, the acting federal minister for energy, power, and petroleum, announced that the government was considering a significant move that would lower the cost of electricity for businesses.

Ali had stated that with five to six weeks remaining until the elected government could assume power, the caretaker administration will complete a few major responsibilities.

We are attempting to lower the industrial sector’s electricity rate since, at the moment, the industrial sector is subsidizing families. He had said, “If we don’t have dollars, the country cannot function. There won’t be jobs or exports unless the industry runs.”

The minister of energy had stated that the government was also attempting to lower the circular debt and that attempts were also being made to lower the excessively high prices of urea.

He had stated, “A road map for the reduction in capacity payments and urea prices would be provided by the caretaker government.”