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increase power tariff

Govt green signals power tariff hike for domestic consumers

ISLAMABAD: The federal cabinet has endorsed increase in power tariffs in a meeting on Thursday (today), setting the hike in cost of electricity at Rs1.27/unit. After the federal cabinet session, Finance Minister Asad Umar told in a press briefing that electricity prices would not be raised for domestic consumers using 300 units or less every month. However, households that consume between 300 and 700 units per month will witness a rise in electricity prices of roughly ten percent and a fifteen percent increase will be…

ECC mulls over summary of electricity tariff hike

ISLAMABAD: Finance Minister Asad Umar is chairing a meeting of Economic Coordination Committee (ECC) to contemplate over an agenda including the proposed increase in power tariff. According to details, the ECC has taken up a four-point agenda today, wherein the summary of electricity tariff titled ‘Tariff rationalisation for Power Sector’ is on top of the list. The meeting is further expected to discuss K-Electric shares purchase by Shanghai Electric Power Company Ltd, revision in cess rates of tobacco for the year…

NEPRA approved Power tariff increase by Rs1.25 per unit

ISLAMABAD: The National Electric Power Regularity Authority (NEPRA) has approved to increase power tariff by Rs1.25 per unit. A summary is provided to NEPRA by the Central Power Purchasing Company (CPPA) for increase in power tariff, and they had approved it. The reason behind the approval of increase in power tariff is based on fuel price modification for the month of May but this increase will cost a burden of Rs 15 billion to consumers. A hearing of the case of fuel price adjustment of May was held in NEPRA on…