20.9 C
Bengaluru
Monday, November 25, 2024

Pak Power Companies Seek Further Tariff Hike

Must read

Islamabad

The National Electric Power Regulatory Authority (NEPRA) will hold a hearing on the petitions of the 10 power distribution companies (DISCOs) over increasing the electricity tariffs on August 23, reported to source on Tuesday.
The News International is an English-language newspaper in Pakistan.

It is expected that the increase in electricity tariffs per unit could be Pakistani currency (PKR) Rs 3.50–6, which could result in an additional burden of Rs 144.688 billion on the consumers from July 1, 2023.
The power companies have requested NEPRA to allow them to recover Rs 122 billion from their consumers on account of capacity charges and Rs 7.35 billion on account of the T&D losses.
As per the statement of NEPRA official reported by source, If the required increase is recovered from consumers in the first three months of FY24, the tariff increase would be in the range of Rs5–6 per unit. However, if the increase is spread over six months, the tariff increase would be in the range of Rs 2.50–3 per unit. Ultimately, it is up to the government to decide how to deal with the increase in headcount in the fourth quarter of FY23.

At present, the average tariff of ToU consumers is Rs 49.57 per unit after the inclusion of surcharges, electricity duty, PTV fee, GST, Sales Tax, FPA, and ongoing QTA.
After the further hike, this is expected to increase in the fourth quarter of FY23, bringing the end consumer price up to Rs 53.56 per unit.

- Advertisement -spot_img

More articles

Latest article