Govt notifies another hike in electricity prices

In yet another increase, the federal government jacked up electricity prices by Rs 1.74 per unit, effective immediately.

As per the notification, the increase will impact all electricity consumers, including K-Electric.

The price hike, implemented as part of a quarterly adjustment, will put an additional financial burden of Rs43.23 billion on consumers.

The increased rates will be applicable for the months of September, October, and November.

Prior to this, the NEPRA approved KE’s request for the hike under monthly fuel charge adjustments for the months of May and June.

The price of electricity was increased by Rs 2.59 per unit for May’s fuel adjustment and Rs 3.17 per unit for June’s fuel adjustment.

The increase in electricity prices for KE consumers added a burden of over Rs 6.2 billion on Karachiites.