Pakistan: Electricity tariff to increase by PKR 3.28 per unit

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Updated: September 23, 2023 1:00 p.m. IS

Islamabad (Pakistan), September 23 (ANI): PakistanNational Electrical Energy Regulatory Authority (ESSENTIAL) has proposed an increase of electricity rate by Pakistan Rupee 3.28 per unit due to quarterly adjustment, ARY News reported on Friday.
ARY News is a PakistanI news channel.
According to details, the ESSENTIAL has decided to increase the electricity ratepreparing to impose an additional burden of Rs 160 billion on power consumers.
The regulatory authority has sent the summary to the interim federal government, proposing an increase of PKR 3.28 in electricity rate under the adjustment of the fourth quarter of the financial year 2022-23.
The increase, which will be implemented after the approval of the federal government, will also apply to K-Electric consumers. Energy consumers will have to make additional payments in the next six months, from October 2023 to March 2024.

Meanwhile, protests were held throughout Pakistan against the increase in the electricity rate and the inclusion of excessive taxes in electricity bills.
The unrest over rising electricity bills comes at a time of lack of liquidity. Pakistan faces an economic crisis with inflation around 29 percent.
It was previously reported that the International Monetary Fund (IMF) had stopped Pakistan from providing relief to power consumers who use more than 200 units monthly.
“Circular debt will not go down if relief is granted on electricity bills,” the IMF said in PakistanThe aid plan, according to sources.
Relief in terms of late payment of bills will only be given to consumers who use less than 200 units for six months continuously.
The relief will be revoked if a consumer’s bill exceeds 200 units in six months, sources said, according to ARY News. (ME TOO)