Islamabad, 18 January 2023 (GNP): The National Electric Power Regulatory Authority (Nepra) has allowed an increase in tariff up to Rs4.46 per unit for quarterly adjustment for the first quarter of the financial year 2022-23.
The tariff approval comes after electricity distribution companies (DISCOs) petitioned for an increase in tariff under the first quarter adjustment for the financial year 2022-23. The tariff increase will place a burden of Rs4.938 billion on electricity consumers.
Nepra said that in a bid to avoid overburdening the consumers, the Ministry of Power had requested to implement the quarterly adjustment for two months only (February and March) when the previous quarterly adjustment would end.
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Nepra stated: “Thus, no additional burden will be imposed on consumers with this tariff increase. It would be applicable to the consumers of all DISCOs except for lifeline consumers. It will also not apply to K-Electric consumers.”
Nepra accepted the request of DISCOs to increase tariffs for two months in the following words: “This is being done in the interest of consumers as the determined first quarter adjustment will only replace the existing applicable quarterly adjustment rates and there will be no additional burden on the consumers.”
