The federal government on Tuesday announced an increase in the basic electricity tariff by Rs3.50 per unit to Rs20.41 with immediate effect.

Govt jacks up power tariff by Rs3.50 per unit

The government will increase Rs7.91 per unit in base electricity tariff from national average of Rs16.91 per unit to Rs24.82 per kWh to recover an additional Rs893.83 billion from consumers during the ongoing fiscal 2022-23. The government on Tuesday implemented the first phase of increase in base tariff by Rs3.50 per unit effective from July 26, 2022. In the second phase, the government will further increase base electricity tariff by Rs3.50 from August and 91 paisas per unit from October. In response to a motion filed by the federal government, the National Electric Power Regulatory Authority had recently allowed charging uniform tariff from the end consumers of all power distribution companies and K-Electric by Rs7.91 per unit for the financial year 2022-23.

Federal Minister for Power Khurram Dastgir and Minister of State for Petroleum Musadik Malik announced the increase in electricity tariff during a joint news conference on Tuesday. The power minister said that the cabinet had approved the increase in electricity rates.However, he said that the government had protected the poor segment of the society as the electricity rates had not been increased for users consuming one to 50 units a month. “There will also be no increase in tariff for consumers using 200 units a month.”Dastgir said energy prices would start decreasing from November, adding that by December, the basic electricity tariff would be Rs24 per unit. “Much of the increase in the bills will come in the form of fuel surcharges and there will be no increase on account of fuel adjustment due to higher electricity base tariff,” the minister said Earlier, the government had increased in electricity rates in February.

Source: This news is originally published by tribune

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