National Electric Power Regulatory Authority (Nepra) Thursday approved an increase of Rs7.91 per unit in the basic tariff of the electricity, reported 24NewsHD TV channel.

After increasing the petroleum prices by Rs30 per litre, this increase in electricity prices will surely bring a tsunami of inflation in the country where the people are already feeling it hard to meet both ends.

Nepra has sent the new tariff to the federal government to issue a notification in this regard.

As per Nepra Act, the federation has a right to submit an application for the same tariff for all the DISCOs.

The same tariff for the discos is determined after including the amount of the subsidies in the tariff.

The consumers will be charged as per new tariff after a notification issued by the government.

According to Nepra, MEPCO, HESCO, GEPCO, KESCO, and TESCO had applied for multi year tariff for fiscal year 2020-21 to 2024-25, whereas, IESCO, LESCO and FESCO had applied for they yearly adjustments as per the approved multi year tariff.

Nepra said it has set the tariff for the fiscal year 2022-23.

Nepra has set the average national tariff at Rs24.82 per unit for fiscal year 2022-23which is Rs7.91 more than the previous year’s tariff of Rs16.91 per unit.

Nepra cited devaluation of the Pakistan rupee and an increase in fuel prices in international market and production capacity.

Reporter: Awais Kiyani