ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday slashed the power tariff by Rs3.60 per unit in a bid to provide relief for agriculture consumers.
In a notification, Nepra stated that the decision was taken after the Ministry of energy on December 14 asked to slash the power tariff.
The new prices will be applicable be applicable from November 2022 bills, stated Nepra.
According to Nepra officials, consumers will get relief of Rs 28 billion due to reduction in tariff, and the federal government will pay this amount in the form of subsidy.
Earlier today, the power authority approved an increase of 18.57 paisas per unit in electricity prices.
The Central Power Purchasing Agency (CPPA) had sought 19 paisas per unit hike on account of the fuel adjustment for November 2022. The price hike will not apply to lifeline consumers, the Nepra said in its order.
Meanwhile, the regulatory body has decreased power tariff for consumers in Karachi by Rs7.43 per unit. The K-Electric had sought Rs7.04 per unit cut in the electricity prices. The decision would provide a relief of Rs10.61 billion to the power consumers.
Earlier this month, the Nepra slashed the power tariff by Rs2.45 per unit for the Karachi Electric (KE) consumers on account of fuel cost adjustment (FCA) for October.
According to the notification issued by Nepra, K Electric requested to reduce power tariff by Rs1.88 per unit upon this the authority slashed the tariff price and new prices would be implemented for 1 month only. The updated rates shall not be implemented on the domestic consumers consuming 300 units, it added.