ISLAMABAD: Consumers across Pakistan, including Karachi, may soon see a reduction in electricity prices by approximately Rs2 per unit, according to ARY News.
The National Electric Power Regulatory Authority (NEPRA) has received a proposal from power distribution companies to implement this price cut as part of the quarterly adjustment for October to December 2024. The request seeks a total reduction of Rs52.12 billion, covering Rs50.66 billion in capacity charges, Rs2.66 billion in transmission and distribution losses, and Rs2.69 billion in operation and maintenance costs.
A hearing on the proposal is scheduled for February 12, and if approved, the price reduction will provide significant relief to electricity consumers nationwide.
This development follows NEPRA’s recent notification of a 20-paise per unit increase in electricity tariffs as part of the first-quarter adjustment for the current fiscal year. That increase, applicable only for December 2024, imposed an additional burden of Rs1.18 billion on consumers, though lifeline and prepaid users, as well as those benefiting from the winter package, were exempt.
With this latest proposal, electricity consumers may soon receive much-needed financial relief, pending NEPRA’s final decision.
