NEPRA okays Rs.0.61/unit hike in power tariff

KARACHI: National Power Regulatory Authority (NEPRA) has given approval to 61 paisa increase in electricity tariff per unit as it reserved verdict over increase of power tariff on Thursday, TrendPK reported.

According to NEPRA officials, the electricity tariff has been raised under monthly fuel adjustment charges.

Eight power distribution companies excluding Karachi Electric Supply Company (KESC) requested NEPRA to allow hike in tariff by Rs 0.61 per unit under monthly fuel adjustment charges, which would be implemented from the month of May.

The hearing was held on these applications on Thursday after which the decision was kept reserved by the authorities.

The approval will be applicable on all electricity consumers except KESC’s which will be charged in next months’ bills.

IMF for immediate increase in power tariff

DUBAI: The IMF has expressed dissatisfaction over energy sector reforms has and asked Pakistan government to increase electricity tariff by 30 paisas per unit, Geo News reported Wednesday. Sources told Geo News that IMF argued government of Pakistan has failed to increase the required electricity tariff by 6 percent from 1st October this year, however, the actual increase of 4.4 percent have occurred due to subsidy provided to small subscribers using 50 unit tariff and tube wells. IMF said the deficit created by the subsidy be overcome by charging the regular subscribers.

DUBAI: The IMF has expressed dissatisfaction over energy sector reforms has and asked Pakistan government to increase electricity tariff by 30 paisas per unit, Geo News reported Wednesday.

Sources told Geo News that IMF argued government of Pakistan has failed to increase the required electricity tariff by 6 percent from 1st October this year, however, the actual increase of 4.4 percent have occurred due to subsidy provided to small subscribers using 50 unit tariff and tube wells.

IMF said the deficit created by the subsidy be overcome by charging the regular subscribers.

IMF has stated that Pakistan government had raised electricity tariff by Rs.1.20 per unit, now the tariff should get a further 30 paisa increase by the evening of 12th November.

The draft of value-added services should also be prepared by December and tax amendments should be made on timely basis, IMF stressed.