Power consumers likely to face tariff hike shock
Nepra to moot companies call for charging Rs162b quarterly adjustments on June 3
The electricity supply companies have made a request to the National Electric Power Regulatory Authority (Nepra ) for charging quarterly adjustments from consumers.
The authority will announce the final decision after an online meeting on June 3.
If the meeting gives go-ahead, the consumers will be burdened with Rs162 billion (Rs73b from Oct to Dec 2019 and Rs89b from Jan-March 2020). The electricity tariff will go up by Rs1.5-Rs2 per unit.
Reportedly, Pesco wanted Rs29 billion, Lesco Rs82 billion and Fesco 23 billion.
Last month, the government decided to waive six months electricity and gas bills of small traders in order to help them cope with economic challenges in wake of novel coronavirus breakout.
The government is trying to address economic woes of businessmen, especially small traders and their electricity bills will be waived for next 6 months,”Minister for Industries and Production Hammad Azhar told the 4th meeting of the parliamentary committee on coronavirus.