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Electricity prices increase by Rs0.18 per unit

Electricity prices increase by Rs0.18 per unit
December 29, 2020

ISLAMABAD (92 News) - The federal government on Monday has approved an increase in electricity prices by Rs0.18 per unit.

According to a notification issued by the Ministry of Energy, the electricity tariff has been increased by Rs. 0.15 per unit while an additional charge of Rs. 0.03 per unit will be charged from the domestic consumers having consumption more than 300 units.

The increase in electricity prices will apply to this month's [December's] bills, the notification said. The price has been hiked for a period of 10 months, the notification added.

It is pertinent to mention here that besides this increase at the national level, National Electric Power Regulatory Authority (NEPRA) has announced a hike in electricty rates for three state-owned power distribution companies (DISCOs) today.

Under the increased tariff for electric supply companies in Multan Gujranwala and Sukkur, the government would be able to collect a revenue of Rs916 billion.

The final decision on the hike in power tariff by NEPRA would be made by the federal government.

The NEPRA while detailing the decision said that it would help them in the implementation of a uniform tariff in the country.

The average tariff for Multan Electric Power Company (MEPCO) for the year 20118-19 will be Rs16.88 per unit and for the year 2019-20, it would be Rs16.52 per unit. “We have given an approval to collect an additional amount of Rs 555 billion from Multan region’s consumers,” the regulatory body said.

The NEPRA set the average power tariff for Gujranwala Electric Power Company (GEPCO) at Rs 15.14 per unit for 2018-19 and Rs 15.69 per unit for 2019-20. “The GEPCO consumers will pay an additional amount of Rs 334 billion,” it said.

Moreover, Rs 16 billion would be collected from the consumers of Sukkur Electric Power Company (SEPCO) under distribution tariff.