Islamabad: The National Electric Power Regulatory Authority (NEPRA) has approved a 20-paisa per unit increase for the power consumers of the country under the first quarterly adjustment for the fiscal year 2024-25.
According to NEPRA, this decision follows a detailed scrutiny of data submitted by electricity distribution companies (DISCOs) and a public hearing conducted by NEPRA on November 20, 2024. The adjustment applies to all DISCOs and K-Electric consumers, except lifeline customers, who are exempt from this increase.
Previously, an average of Rs. 1.74 per unit was charged under the fourth quarterly adjustment of FY 2023-24, which remained in effect until November 2024.
Compared to the previous adjustment, consumers will now be charged Rs. 1.54 less per unit under the new quarterly adjustment. The increase will apply to all DISCOs and K-Electric consumers, except lifeline users.
It is relevant to note that NEPRA has approved this adjustment following the request made by the power distribution companies (DISCOs) as part of their routine quarterly financial review process. The authority thoroughly examined the request and ensured its compliance with regulatory and operational requirements before granting approval.
Although NEPRA has issued its decision, the implementation of the adjustment awaits formal notification by the federal government, as per regulatory procedures. NEPRA emphasized that the government has already been informed of the decision, which is expected to be officially notified soon.
As per NEPRA, the adjustment is designed to cover variations in the cost of electricity generation and other operational expenses incurred by DISCOs during the first quarter of FY 2024-25. NEPRA noted that such adjustments are essential to maintain the financial stability of power distribution companies and ensure the continued supply of electricity to consumers.
It is pertinent to mention that the decision is likely to provide some relief to consumers, particularly when compared to the steeper adjustments made in previous quarters.
