ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) today informed 52-paisa per unit hike in power tariff.
They on their part have also pulled out subsidy on electricity by Rs 1.50 per unit that would cost the consumers by about Rs 27 billion in a year. It is surprising that the latest increase was notified under the fuel adjustment head at a time when international oil prices are on a declining trend and the government has also substantially decreased the POL prices.
According to NEPRA sources, instead of reducing the electricity rates, electricity equalization surcharge has also been imposed from first October, 2014 equal to Rs 1.50 per unit that would continue till 30th September, 2015.
The increase has also been notified when there is massive criticism and anger among the people over excessive electricity and the Prime Minister is to be briefed at the special cabinet meeting on Thursday (tomorrow) by the Cabinet Committee led by Finance Minister Ishaq Dar about the explanations behind the excessive billing.
According to the notification, the domestic users consuming less than 50 units a month would be exempted. The increase would also not be implemented to K-Electric that supplies electricity to Karachi.