K-Electric consumers likely to get Rs.4.69/unit tariff relief

In a major relief, the electricity tariff is likely to be decreased for K-Electric consumers by Rs4.69 per unit, ARY News reported on Monday.

In welcome news for residents of Karachi, electricity tariff may drop by Rs4.69 per unit for Karachi consumers under monthly fuel adjustment for April as NEPRA is scheduled to hold a hearing today.

If approved, the proposed cut would provide a financial relief of approximately Rs7.17 billion to K-Electric users.

Meanwhile, the NEPRA will also conduct hearing on the plea to jack up electricity price per unit by Rs10 for the other parts of the country.

Earlier on June 5, the National Electric Power Regulatory Authority (NEPRA) reduced K-Electric’s (KE) tariff by Rs2.99 per unit.

Read more: NEPRA notifies reduction in KE tariff

According to a notification issued, the reduction was made under monthly fuel adjustment for March which will reflect in the June electricity bills, offering some respite of KE consumers amid soaring power costs and prolonged load-shedding in Karachi.

Meanwhile, the city had been grappling with intensified unannounced load-shedding as summer heat peaks, drawing protests not only from residents but also from elected representatives.

In a recent interview on ARY News, K-E CEO Moonis Alvi conceded the high electricity costs but deflected responsibility, attributing the pricing to government policies.