Electricity Prices Set to Surge by Rs. 3.53 per Unit, which will be an additional burden of Rs. 40 billion on consumers
The electricity consumers are likely to face a significant hike in prices, with an anticipated increase of Rs. 3.53 per unit.
Reports indicate that the Central Power Purchasing Agency (CPPA) has submitted an application to the National Electric Power Regulatory Authority (Nepra) seeking approval for the price adjustment.
The proposed increase is linked to the monthly fuel adjustment for October 2023, as stated by reliable sources.
Nepra is scheduled to review the CPPA’s application on November 29, and if approved, consumers could bear an additional burden of around Rs. 40 billion.
It’s worth noting that the potential rise in electricity prices will not be uniformly applied to all consumers. The specific criteria or categories exempt from this increase have not been disclosed by the sources.
The outcome of the Nepra hearing on November 29 will play a crucial role in determining the financial implications for electricity consumers in the upcoming months.