NEPRA approves tariff hike of Rs4.56/unit

The National Electric Power Regulatory Authority (Nepra) has increased the per unit cost of electricity by Rs4.56, effective immediately, read the notification issued Saturday.

This adjustment comes as part of the December fuel adjustment and will be reflected in consumer bills for the month of February.

This change in tariff will cause an additional burden of Rs40 billion on consumers.

In a couple of months, the electricity prices have gone up by Rs8.69 due to fuel price adjustment. In November alone, the electricity tariff was soured by Rs4.13.

Moreover, the hike applies to all consumer categories except for those served by K-Electric and lifeline customers.

The increase is attributed to variations in fuel costs incurred during December 2023.

The exact impact on individual bills will vary depending on consumption levels and specific tariff categories.

This additional cost is likely to add to the financial burden of households and businesses already grappling with rising inflation.