ISLAMABAD Aug 27 (Online): Officials of Ministry of Water and Power have said that electricity tariff is determined by NEPRA (National Electric and Power Regulatory Authority) electricity prices change under Consumer Price Index, due to KIBOR (Karachi Interbank Offered Rate) and fuel price adjustment also in electricity prices.
According to details, an emergency meeting on electricity rates and bills was held on Sunday under the chairmanship of Caretaker Prime Minister Anwarul Haq Kakar. The Ministry of Water and Power gave a briefing in the meeting.
The power division said that the price of imported coal was 51 thousand to 61 thousand rupees per metric. Next year, 2 trillion rupees have to be paid only in the form of capacity payment minutes.
The major difference in the increase in electricity prices was applied to consumers of more than 400 units. There was no tariff increase for 63.5 percent of domestic consumers.
The Power Division said electricity prices for 31.6 per cent domestic consumers increased by Rs 3 to Rs 6.5 per unit.
For only 4.9% of domestic consumers, the tariff increased by Rs 7.5 per unit. The average tariff for domestic consumers increased by Rs 3.82.
Officials of Power Division said that there was an increase of 7.5 rupees per unit for consumers falling in other categories. In July 2022, the maximum electricity tariff was 31.02 rupees per unit. In August 2023, the price of electricity is 33.89 rupees per unit.
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