A base electricity tariff increase has been agreed by the federal cabinet and will take effect on July 1, 2024.A request to raise the price per unit by Rs. 5.72 had been presented by the National Electric Power Regulatory Authority (NEPRA).The average basic power cost was to be raised from Rs. 29.78 to Rs. 35.50 per unit by the regulator.
The federal government will send out a notification to apply the new prices after NEPRA gives its approval.It should be noted that in order to qualify for a new program, Pakistan has been required by the International Monetary Fund (IMF) to raise the power tariff by Rs. 5 per unit by July 10, 2024. An increase in power rates is highly likely because the lender has already specified gas and electricity price increases as prerequisites for the new program.
