The National Electric Power Regulatory Authority (Nepra) announced a price hike of Rs3.3287 per unit in electricity for May 2024 due to monthly fuel charges adjustment (FCA). This increase will be reflected in July 2024 bills for ex-Wapda Distribution Companies (XWDISCOs), affecting all consumer categories except Electric Vehicle Charging Stations (EVCS) and lifeline consumers.
However, K-Electric consumers in Karachi are exempt from this hike. Instead, Nepra approved a relief of Rs1.6716 per unit for April 2024. This reduction applies to all consumer categories except EVCS, lifeline consumers, agricultural consumers, and domestic consumers using up to 300 units of electricity. Additionally, domestic consumers with Time of Use (ToU) meters are also exempt from this adjustment, regardless of their consumption.
Earlier, the federal cabinet decided to increase electricity tariffs to meet the International Monetary Fund (IMF) conditions for securing a bailout of over $6 billion. Pakistan aims to achieve a tax revenue target of Rs13 trillion for the fiscal year starting July 1, a significant increase from the previous year, to reduce the fiscal deficit from 7.4% to 5.9% of GDP.
