- Power prices for KE consumers will see a drop in RS3 per unit.
- For the rest of the electricity prices, lowered by RS2.12 per unit.
- K-Electric is cut under DEC FCA, while the rest of the country for January.
Islamabad: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity prices for consumers through the country under the monthly fuel charges (FCA), said official notifications issued on Thursday.
Power prices for electric consumers (KE) will see a reduction in RS3 per unit in their invoices, while for the rest of the country, they have been reduced by RS2.12 per unit.
According to the notifications issued by the electricity sector regulator, the relief will be reflected in electricity bills for Mars.
Price reduction for K-Electric applies to the adjustment of December 2024, while the reduction of other parts of the country is based on the adjustment of January 2025.
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 FCA applies to most categories, with the exception of living line consumers, national consumers using up to 300 units, electric vehicle recharge, prepaid customers and agricultural connections.
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 efforts to reduce unusual public debt in the electricity and gas sectors.
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.