Another electric shock: Rs2.63/unit power tariff hike proposed

ISLAMABAD: Electricity consumers are set to face another significant financial burden as the power tariff is poised to increase by Rs2.63 per unit, adding to their financial woos.

This anticipated hike comes on account of the Fuel Charges Adjustment (FCA) for electricity that was consumed during June 2024.

The Central Power Purchasing Agency (CPPA), acting on behalf of distribution companies (DISCOs), has formally submitted an application to the National Electric Power Regulatory Authority (NEPRA) to request an increase in the electricity price by Rs2.6307 per kilowatt hour (kWh) under the FCA for June 2024.

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According to the detailed submission by the CPPA, the reference fuel charges collected from consumers for June were set at Rs7.1403 per unit, while the total actual cost per unit amounted to a higher Rs9.7710. In response to this request for a tariff hike, NEPRA has scheduled a public hearing to discuss and review the application on July 31, 2024.