Power tariff further slashed by Rs1.8/unit

ISLAMABAD:

Electricity prices have been reduced by a total of Rs1.83 per unit. This reduction has been made under monthly and quarterly adjustments.

According to a notification issued by the National Electric Power Regulatory Authority (Nepra) on Friday, a reduction of Rs0.28 per unit has been applied under the monthly fuel adjustment. A further reduction of Rs1.55 per unit has been made on a quarterly basis.

The Rs0.28 per unit reduction will apply for the current month. The Rs1.55 per unit reduction will be effective for three months—May, June, and July.

The Express Tribune reported on March 29 that a reduction in power tariff by up to Rs1.71 per unit for all consumers of power distribution companies (DISCOs) and K-Electric (KE) for the next three months was expected as part of a tariff relief plan.

Sources said Nepra was set to allow the increase in the tariff differential subsidy (TDS) by Rs1.71 for all consumers for the months of April, May and June. They added the reduction would be part of the plan to reduce power tariff by up to Rs6 per unit.

The federal cabinet in its meeting on March 26 approved the increase in the TDS for all consumers, except the lifeline domestic users, by Rs1.71 per kilowatt hour (kWh) for April-June quarter of the current fiscal year, in line with efforts to reduce consumer-end tariffs and improve demand.