TRADE & ECONOMY

NEPRA Raises Electricity Prices, but July Adjustment Provides Relief

NEPRA has increased electricity prices in the fourth quarter adjustment for FY 2023-24. However, July's monthly adjustment brings a reduction of Rs. 37 per unit, benefiting September bills.
2024-09-07
NEPRA Raises Electricity Prices, but July Adjustment Provides Relief

The National Electric Power Regulatory Authority (NEPRA) has announced an increase in electricity prices, effective from the fourth quarter of the fiscal year 2023-24. This adjustment reflects the ongoing fluctuations in energy costs and regulatory considerations.

 

According to a report from a private TV channel, the price hike was approved by the Federal Government following NEPRA's decision. This adjustment is part of the quarterly revision process and affects the cost of electricity for consumers.

 

However, there is some relief for consumers as well. Under the monthly adjustment for July, NEPRA has reduced the electricity price by Rs. 37 per unit. This reduction will be reflected in the electricity bills for September, providing some relief amidst the overall price increase.

 

The adjustments in electricity pricing are part of NEPRA’s regular review process to align tariffs with the cost of production and other regulatory factors. The changes aim to balance the financial sustainability of the power sector with consumer interests.