The federal government has decided to reduce electricity prices, with a proposed cut of Rs2 per unit for the second quarter of the 2024-25 fiscal year.
The adjustment could take effect in March, providing an estimated relief of over Rs52 billion to consumers.
Power distribution companies have submitted their requests for the quarterly tariff adjustment to the National Electric Power Regulatory Authority (Nepra).
The regulator is set to conduct a public hearing on February 12 to review the proposal.
If approved, the reduction will be applied to electricity bills for March, April, and May.
However, lifeline consumers will not benefit from the price cut, while K-Electric customers will be included in the adjustment.
The proposed reduction aims to ease the financial burden on consumers amid rising inflation and economic uncertainty.
The government hopes the lower electricity rates will provide temporary relief to households and businesses.
The final decision rests with Nepra, which will determine whether the adjustment aligns with economic and energy policy objectives.
If approved, the new rates will be implemented in the coming months, impacting millions of electricity users across Pakistan.
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