Electricity prices likely to go up this month

Electricity prices likely to go up this month
Islamabad: The National Electric Power Regulatory Authority (NEPRA) is likely to approve an increase of Rs0.98 per unit this month.

The Central Power Purchasing Agency (CPPA) has requested the NEPRA to jack up prices, a move that will put burden of Rs10 billion on consumers.

Authorities said that he increase in power rates is being on account of variations in fuel price in international market.

The summary has been forwarded at a time when negotiations between Pakistan and the International Monetary Fund (IMF) are underway in Islamabad. The talks will end on February 13.

Sources said that suggestions for raising gas and electricity prices are also part of the discussion.

In December 2019, the National Electric Power Regulatory Authority (Nepra) announced an increase in electricity tariff by Rs 1.56 per unit.

The decision was taken on account of monthly fuel price adjustment and put an additional burden of Rs. 14 billion on electricity consumers.