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Karachi to pay Rs3.75 per unit more for September electricity

Prices jacked up on account of fuel adjustment

SAMAA | - Posted: Dec 7, 2021 | Last Updated: 1 month ago
SAMAA |
Posted: Dec 7, 2021 | Last Updated: 1 month ago

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The National Electric Power Regulatory Authority or Nepra has increased Karachi's electricity tariff by Rs3.75 per unit for the month of December. According to a notification issued Tuesday, electricity prices have been increased on account of fuel price adjustment for the month of September and the charges will be adjusted in the bill for the month of December. Now, Karachi will shoulder a burden of Rs6.63 billion. Earlier, K-Electric requested Nepra to increase the per-unit price of electricity by Rs3.45 for the month of September. Federal Minister for Energy Hammad Azhar revealed last month that the government had asked Nepra to increase the power tariff to stem Pakistan’s soaring circular debt. “An increase of Rs1.39 a unit will be applicable to power tariff from November 1,” he said. “This will not be applicable to consumers using less than 200 units of electricity.” The minister said that Pakistan was now self-sufficient in electricity. The government, he said, was targeting to increase the demand. “We introduced an industrial package last year which has been successful as we have seen a 15% increase in demand,” he added. IMF programme Earlier, in October, the International Monetary Fund asked Pakistan to increase electricity tariffs by Rs1.4 per unit to curb the surge in circular debt. The tariff was increased after the government withdrew an Rs72 billion subsidy, which was provided to multiple categories of power consumers. The IMF has asked Pakistan to take more steps to increase income tax, sales tax, and regulatory duties collection and urged the Federal Board of Revenue to take steps in this context to pull up the annual tax collection target from Rs5.8 trillion to Rs6.3 trillion, according to officials who did not wish to be named. It has also demanded that the privatization program be expedited and that a time frame be set for the auction of loss-making state-owned companies.
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The National Electric Power Regulatory Authority or Nepra has increased Karachi’s electricity tariff by Rs3.75 per unit for the month of December.

According to a notification issued Tuesday, electricity prices have been increased on account of fuel price adjustment for the month of September and the charges will be adjusted in the bill for the month of December.

Now, Karachi will shoulder a burden of Rs6.63 billion.

Earlier, K-Electric requested Nepra to increase the per-unit price of electricity by Rs3.45 for the month of September.

Federal Minister for Energy Hammad Azhar revealed last month that the government had asked Nepra to increase the power tariff to stem Pakistan’s soaring circular debt.

“An increase of Rs1.39 a unit will be applicable to power tariff from November 1,” he said. “This will not be applicable to consumers using less than 200 units of electricity.”

The minister said that Pakistan was now self-sufficient in electricity. The government, he said, was targeting to increase the demand. “We introduced an industrial package last year which has been successful as we have seen a 15% increase in demand,” he added.

IMF programme

Earlier, in October, the International Monetary Fund asked Pakistan to increase electricity tariffs by Rs1.4 per unit to curb the surge in circular debt.

The tariff was increased after the government withdrew an Rs72 billion subsidy, which was provided to multiple categories of power consumers.

The IMF has asked Pakistan to take more steps to increase income tax, sales tax, and regulatory duties collection and urged the Federal Board of Revenue to take steps in this context to pull up the annual tax collection target from Rs5.8 trillion to Rs6.3 trillion, according to officials who did not wish to be named.

It has also demanded that the privatization program be expedited and that a time frame be set for the auction of loss-making state-owned companies.

 
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K-Electric, electricity prices increase, Nepra, Karachi
 

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