Business
Federal Govt. reportedly to increase electricity rate
Islamabad: The Federal Government approved on Friday an increase in electricity rate by Rs. 1.72 per unit.
Federal Cabinet approved the summary through a circular in which the government has decided to increase the electricity price in three different quarterly adjustments.
The increase in electricity prices will be implemented from October 2021, sources said.
According to the details, the rates were increased to generate about Rs 6.9 billion additional revenue.
Earlier, in a statement by NEPRA, it was revealed that running power plants outside the merit order had imposed an additional burden of Rs 3.90 billion on consumers.
The officials said that the increase in the cost of power generation was due to the unavailability of gas.
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