LAHORE MIRROR — The National Electric Power Regulatory Authority (NEPRA) on Saturday announced a significant increase of Rs 4.96 per unit in the electricity base tariff for FY24, as demanded by the International Monetary Fund (IMF).
After the move, the government will collect Rs3.281 trillion from power consumers across all distribution companies.
Moreover, the government is also working on increasing gas rates as the Oil and Gas Regulatory Authority (OGRA) has already determined a 45-50% increase in gas prices on June 2, 2023.
The implementation of the decision on the power tariff hike is set to begin on July 1, with the tariff rising to Rs29.78 per unit from the current Rs24.82/unit.
The consumers, who use the ToU (time of use) meter, would pay up to Rs49.35 per unit. They will now pay Rs49.35 per unit during the peak hours of 5pm to 11pm and Rs33.03 for out-of-peak hours.
