Electricity Rates: Increases and Decreases Hit Consumers Simultaneously
Consumers Will Enjoy Short-Term Relief Before Facing Increased Costs in Upcoming Months
While there is some relief with a minor decrease in monthly fuel adjustment charges, a significant increase has been approved under the quarterly adjustment framework.
NEPRA has approved a reduction of 37 paisas per unit in electricity rates for September as part of the monthly fuel adjustment. This decrease is expected to offer some financial relief on upcoming electricity bills.
1.071 Million IESCO Domestic Customers to Receive Punjab Govt’s Electricity Bill Relief:
However, NEPRA has also sanctioned a substantial increase of Rs1.75 per unit under the quarterly adjustment for the fourth quarter of the financial year 2023-24. This quarterly adjustment will lead to higher electricity costs, with the additional charges appearing on bills for September, October, and November.
The quarterly adjustment decision has been sent to the federal government for implementation. Consequently, while consumers might benefit from the reduction in their September bills due to the fuel adjustment, they will face a notable increase in overall electricity costs due to the quarterly adjustment.
Follow us on our social media platforms here: Twitter WHATSAPP CHANNEL FACEBOOK PAGE
