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Nepra notifies increase in power tariff

The NEPRA approved Tuesday an increase of Rs 0.65 per unit in electricity prices, ARY News announced. On Tuesday, it was approved.

Due to variations in fuel costs in the month of February 2021, the latest rise was made. The power regulator says that the tariff increase will be applied to all customers, and in April the billing month will be paid to consumers.

The rise in the electricity cost would place the cumulative burden on consumers of Rs 4.59 billion. Because of the low availability of LNG in February, consumers could not get relief of Rs210 million.

A rise of Rs 0.89 per unit in electricity prices was approved by the National Electric Power Regulatory Authority (NEPRA), on 9 March.

The National Electricity Regulatory Authority (NEPRA) Act (Amendment) Ordinance 2021 was promulgated by President Arif Alvi last week.

The new legislation provides for the autonomy for the prices of electricity to the National Electric Energy Regulatory Authority (NEPRA). The government has been able to charge power consumers a 10% surcharge.

The government has been allowed to charge a Rs 1.40 per unit electricity surcharge. Sources said that in the next two years the administration would raise its electricity tariff to RS5.5 per unit.

Sources also added that after the NEPRA Act has been amended, electricity consumers are to bear an additional Rs 700 billion.

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