KARACHI: Residents of Karachi should brace themselves for a hike in power tariffs from K-Electric.
The power company has applied to the National Electric Power Regulatory Authority (NEPRA) for a Rs4.86 price increase under fuel adjustment charges.
From January to March 2022, the electricity utility has asked an increase of Rs4.52 and Rs0.36 for April. On June 12, 2022, the national electricity regulator will hear the petition. Consumer bills for June 2022 will reflect the hike.
On May 27, NEPRA announced a Rs4.83 per unit rise in K-power Electric’s tariff as part of fuel adjustment charges for the month of March, compared to a demand hike of Rs5.27 per unit.
NEPRA approved a Rs7.91 increase per unit of power earlier this month, a whopping 47 percent increase.
The government increased the basic tariff per unit of electricity by Rs7.91, according to a notification published by NEPRA. The price per unit has been raised from Rs16.91 to Rs24.82.
The price hike was imposed due to an increase in fuel prices as well as increases in the cost of production, according to NEPRA. The higher tariffs would take effect in July 2022, according to the statement.