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Home»PAKISTAN»KARACHI»K-Electric seeks further hike in electricity prices
KARACHI

K-Electric seeks further hike in electricity prices

Ishaque HashmiBy Ishaque HashmiJuly 20, 2024Updated:July 22, 2024No Comments2 Mins Read0 Views
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KARACHI: K-Electric has filed an application with the National Electric Power Regulatory Authority (NEPRA) to increase electricity prices for Karachi consumers by Rs5.45 per unit. This request, submitted under the fuel cost adjustment (FCA) mechanism, covers the months of May and June.

If approved, the price hike will result in an increase of Rs2.53 per unit for May and Rs2.92 per unit for June, reflecting the higher fuel costs experienced during these months. NEPRA has scheduled a hearing on July 30 to review K-Electric’s application and decide on the proposed tariff adjustments.

The potential increase is not confined to Karachi alone. Consumers of state-owned distribution companies (DISCOs) might also face higher electricity bills. The Central Power Purchasing Agency (CPPA) has also requested NEPRA to approve an increase of Rs2.10 per unit for one month under the FCA mechanism. NEPRA will review this request on July 31.

This anticipated rise in electricity tariffs comes at a time when consumers are already grappling with high energy costs. The proposed increases are expected to add further financial pressure on households and businesses, both in Karachi and other regions. The outcome of NEPRA’s hearings will determine the impact on energy bills and the broader implications for consumers across the country.

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Ishaque Hashmi

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