- The Nepra orders the disco to follow the court decision on the implementation of the FCA.
- The adjustment applies to most categories, with the exception of Lifeline, others.
- The FCA revises electric prices according to fluctuations in fuel costs.
The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity prices for former WAPDA distribution consumers (Disco) and K-Electric (KE) due to the adjustments in fuel loads (FCA).
For December 2024, the disco rates have been reduced by RS1,2283 per unit, while electric consumers K will see an RS1.23 per unit reduction for November 2024.
These adjustments will be reflected in electricity bills for February 2025, bringing a certain relief to consumers struck by inflation under the arrow power prices.
The unaffordable prices have aroused social disorders and closed industries in the $ 350 billion economy, which has contracted twice in recent years, inflation has reached a record.
This reduction in the FCA applies to most categories, with the exception of living line consumers, national consumers using up to 300 units, charging stations for electric vehicles, prepaid customers and connections agricultural.
The NEPRA has also confirmed that the adjustment will be effective for domestic users with meters of time of use (Tou), regardless of their level of consumption.
The FCA revises the electricity prices according to fluctuations in fuel costs. The drop in fuel prices reduces invoices, while higher costs increases them. NEPRA has also ordered the discotheques to comply with the judicial orders on the implementation of the FCA.
In recent years, Pakistan has been forced to increase its electricity prices as part of an International Monetary Fund Agreement (IMF) as part of the efforts aimed at reducing unsustainable public debt in the sectors of the electricity and gas.
According to the lender, the conditions of liquidity in the energy sector were acute, with an accumulation of arrears and frequent power outages.
The arrears – a form of public debt that accumulates due to subsidies and unpaid bills – were a major problem in the negotiations between the IMF and Islamabad before the conclusion of an agreement.
Meanwhile, increasing hopes of more relief for consumers, Prime Minister Shehbaz Sharif said on Wednesday that the IMF had advanced that it would not oppose a reduction in electricity prices.
“The head of the world lender assured that the Pakistan plan to reduce power prices will be duly considered,” said the Prime Minister while sharing the details of his recent visit to Dubai with a meeting of the federal cabinet.
Prime Minister Shehbaz met the director general of the IMF on Tuesday, Kristalina Georgieva, on the sidelines of the 2025 World Government Summit (WGS) in Dubai, as the first examination of a bailout of $ 7 billion, scheduled for early March, looms.