Govt announces increase in electricity prices nationwide

ISLAMABAD: Electricity has become more expensive for the entire country, including Karachi, under the monthly fuel price adjustment.

The National Electric Power Regulatory Authority (Nepra) has issued a notification to increase the electricity price by 8 paise per unit for August.

According to the notification, the increase will also apply to electricity consumers as per government policy guidelines.

The notification states that the recovery from electricity consumers will be made in the October bills.

CPPA had demanded an increase of 19 paise per unit in the August adjustment.

Earlier, the Nepra announced a reduction in electricity prices for July.

According to a Nepra notification, electricity rates for DISCOs have been reduced by Rs 1.79 per unit for July under the monthly Fuel Cost Adjustment (FCA).

The decision will apply to all DISCOs and K-Electric customers, except Lifeline, prepaid customers and electric vehicle charging stations.

The notification said that consumers will get this relief in the September bills. The Central Power Purchasing Agency (CPPA) had earlier requested a reduction of Rs 1.69 per unit for the July adjustment.

The reduction in fuel adjustment charges will provide relief to consumers of about Rs 24.5 billion.