Prime Minister Shehbaz Sharif on Thursday announced a reduction in electricity prices by 15% or Rs 7.41 per unit for about 40.3 million consumers, primarily benefiting the 35 million residential users.
This price reduction follows seasonal tariff adjustments and a series of government measures, including the quarterly tariff adjustment, monthly fuel cost reduction, and increased subsidies.
The government explained that the price cut consists of several components:
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Quarterly tariff adjustment: Rs 3.40 per unit reduction
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Monthly fuel cost adjustment: Less than Rs 1 per unit reduction
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Increased subsidy: Rs 1.71 per unit increase
With these adjustments, the total reduction for consumers amounts to Rs 7.41 per unit. The revised domestic electricity prices now average Rs 34.37 per unit, down from the previous rate of Rs 48.70 per unit. Industrial consumers will also benefit from a Rs 7.69 per unit reduction, bringing their rate to Rs 40.51 per unit.
The relief package also includes the following benefits:
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Commercial consumers: A reduction of Rs 8.58 per unit or 12%, bringing the new rate to Rs 62.47.
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Industrial consumers: A reduction of Rs 7.69 per unit or 13%, with the new rate set at Rs 40.51.
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Residential consumers: A reduction of Rs 6.14 to Rs 6.71 per unit, depending on their consumption, translating to a 17% to 32% cut in prices.
For protected residential consumers, those with up to 100 units of consumption will see a price reduction of Rs 6.14 per unit, resulting in a new rate of Rs 8.52 per unit. For consumers with up to 200 units, the price will be reduced by Rs 6.14 per unit, bringing the rate to Rs 11.51 per unit. Consumers using up to 300 units will benefit from a reduction of Rs 7.14 per unit, with their new rate set at Rs 34.
Similarly, residential consumers using more than 300 units will see a reduction of Rs 7.24 per unit, with a new rate of Rs 48.46.
How much will you save on your April electricity bill?
Domestic consumers savings (April bill)
| Usage | Old Rate (Rs) | New Rate (Rs) | Savings (Rs) |
|---|---|---|---|
| 200 Units | Rs 9,740 | Rs 7,528 | Rs 2,212 |
| 300 Units | Rs 14,610 | Rs 11,292 | Rs 3,318 |
| 500 Units | Rs 24,350 | Rs 18,820 | Rs 5,530 |
Industrial consumers savings (April bill)
| Usage | Old Rate (Rs) | New Rate (Rs) | Savings (Rs) |
|---|---|---|---|
| 1,000 Units | Rs 58,500 | Rs 40,510 | Rs 17,990 |
| 3,000 Units | Rs 175,500 | Rs 121,530 | Rs 53,970 |
Special consumer price reductions
| Consumer Type | Old Price (Rs) | New Price (Rs) | Price Cut (Rs) | % Reduction |
|---|---|---|---|---|
| Lifeline (Up to 100 Units) | Rs 14.66 | Rs 8.52 | Rs 6.14 | 32% |
| Protected (Up to 200 Units) | Rs 17.65 | Rs 11.51 | Rs 6.14 | 35% |
| Up to 300 Units | Rs 41.14 | Rs 34.00 | Rs 7.14 | 17% |
| Over 300 Units | Rs 55.70 | Rs 48.46 | Rs 7.24 | 13% |
It is important to note that these rates are for base tariffs and do not include additional charges such as taxes, including Power Duty, GST, PTV License Fee, Fuel Price Adjustment, and other surcharges, which will still apply to the final bill
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