The federal government has decided to reduce electricity prices, by proposing a reduction of Rs2 per unit for the second quarter of the 2024-25 fiscal year. The adjustment will hopefully be implemented in March and is expected to provide consumers with approximate relief of above Rs52 billion.
The power distribution companies have submitted quarterly tariff revision applications to the NEPRA.
The regulator will hold a public hearing on the proposal on February 12
In case of approval, the reduction will be applied to electricity bills for March, April and May.
Read More: Inflation in Pakistan
The Lifeline service customers will not benefit from the price reduction. K-Electric customers will be included in the adjustment.
Due to inflation and instability in the economy, the proposed reduction aims to ease the financial burden on consumers.
Nepra will make the final decision, determining if the adjustments meet the economic and energy policy objectives.
If approved, the revised rates will be implemented in the coming months, affecting millions of electricity consumers across Pakistan.
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