K-Electric increases power tariff by Rs2.31 per unit

There will be an additional burden of over Rs4 billion on the consumers of Karachi-Electric (K-Electric) as the power distribution company on Wednesday increased the power tariff under the monthly fuel price adjustment for June by Rs2.31 per unit, reported 24NewsHD TV channel.

The consumers will now have to make additional payments in August.

K-Electric’s lifeline consumers, however, will be exempted from the decision.

Also on Wednesday, 24News TV channel had reported that the National Electric Power Regulatory Authority (Nepra) had increased the cost of electricity by Rs1.81 per unit on account of the monthly fuel price adjustment.

The latest hike in the electricity rate, not applicable on the consumers of K-Electric, will help Nepra raise Rs24 billion.

The Central Power Purchasing Agency (CPPA) had requested for an increase by Rs1.88 per unit.

Nepra’s latest decision came on the heels of its green signal to the government's request to increase the electricity tariff by massive over seven rupees.

The federal government had made a request to Nepra for an increase in the basic electricity price.

The price hike has been proposed to be implemented from July 1. 

Reporter: Owais Kiani