Electricity prices likely to decrease by Rs2 per across Pakistan

KARACHI: Electricity prices are likely to decrease by approximately Rs2 per unit for consumers across Pakistan, including Karachi.

Distribution companies have asked the National Electric Power Regulatory Authority (NEPRA) to lower electricity prices, which should be put in place as part of the quarterly adjustment for October to December 2024.

As part of the second quarterly adjustment for the current fiscal year, NEPRA has received a request to lower consumer power tariffs by Rs52.12 billion. On February 12, there will be a hearing on the request.

Reductions of Rs2.69 billion in operating and maintenance expenses, Rs2.66 billion in transmission and distribution losses, and Rs50.66 billion in capacity charges are also part of the proposal. Electricity users nationwide will benefit from the price drop if it is authorized.

As part of the quarterly adjustment for the first quarter of the new fiscal year, NEPRA announced last month that electricity prices will increase by 20 paise per unit.

The announcement states that energy costs will increase by Rs1.18 billion for users. However, lifeline and prepaid power users will not be affected by the price hike; it will only be in effect through December 2024.

Additionally, customers who use more electricity will not be subject to this quarterly adjustment under the winter package.