How Much Will Your Electricity Bill Cost After Latest Tariff Hike?
NEPRA announces new electricity tariff after increasing rate by Rs7.5 per unit
LAHORE MIRROR — Another inflation bomb for people who are already paying record-high food and fuel prices, National Electric Power Regulatory Authority (NEPRA) on Wednesday approved Rs7.50 hike per unit in power tariff which will certainly take a heavy toll on the electricity bills.
The NEPRA has granted approval for the government’s proposal to raise the basic power tariff by up to Rs7.50 per unit, with the new tariff set to be effective from July 1. However, lifeline customers will be spared from the increase in electricity prices.
Following NEPRA’s decision, the regulatory body has forwarded the proposal to the federal government for notification. This move is expected to generate a substantial revenue of Rs600 billion for the government due to the tariff hike.
Under the new tariff structure, there will be an additional Rs6 per unit charge during peak hours. As a result, the average tariff has seen a significant increase from Rs22.59 to Rs29.36.
It is important to note that for customers consuming up to 300 units, the average tariff will now reach Rs50, including taxes. Similarly, for those utilizing up to 700 units, the tariff will exceed Rs60 when taxes and surcharges are factored in.
With the exemption for lifeline customers and the imposition of increased tariffs on other segments, the government aims to address revenue challenges in the power sector. However, concerns remain about the impact of higher tariffs on households and businesses.
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With the latest tax hike, the base tariff moves up to almost Rs30 per unit, from the current national average base tariff of Rs24 per unit.
Besides the increase in base taxes, the federal government increased the duration of electricity’s peak hours from July 1. The peak hours have been increased by two hours. Previously, they were from 6 pm to 10 pm, but now they will be from 5 pm to 11 pm.1 day ago
100 Units per Month
If the government approves NEPRA’s suggestions, the power consumers using around 100 units per month will see a surge of around Rs500 in their bills as the base tariff has been increased from Rs13.4 per unit to Rs18.36 per unit for this slab. The minimum bill will be Rs1840.
200 Units per Month
Those using 200 power units and more will pay Rs1,000 more and the total bill will be increased from Rs3,700 to Rs4,700. For this slab, the base tariff will rise to 23.91 per unit.
300 Units per Month
People, who consume 300 units or more in a month will see their bills upto Rs8,000 or more.
400 Units per Month
Power consumers, who use slight usage of ACs and other appliances and used 400 or more units, will get a minimum bill of Rs12,300.
500 Units per Month
People using 500 power units or more will saw a huge surge in their electricity bills and will be up to Rs16,000.
On Saturday, the federal cabinet approved another massive increase in the base tariff of electricity by up to Rs7.50 per unit against the national average tariff determination of Rs4.96 by the power regulator.
