facebook

Electricity Price Increase Looms Over Karachi Residents

Date:

Electricity Price Increase Looms Over Karachi Residents

Karachi, Pakistan – K-Electric, the city’s sole power provider, has submitted a request to the National Electric Power Regulatory Authority (NEPRA) to increase electricity prices by Rs5.45 per unit under the monthly Fuel Cost Adjustment (FCA). This proposed hike comes at a time when many Karachi residents are already struggling with high electricity bills and frequent power outages.

The requested increase includes Rs2.53 per unit for May and an additional Rs2.92 per unit for June, citing rising fuel costs. NEPRA is scheduled to hold a hearing on the matter, where it will review K-Electric’s proposal and consider input from various stakeholders before making a final decision.

The FCA mechanism allows power companies to adjust electricity rates based on fluctuations in fuel prices, ensuring financial stability. However, this increase will directly affect the cost of living and business operations in the city.

Karachi residents have already faced significant price hikes, including a Rs3.5 per unit increase announced by NEPRA and a hike ranging from Rs1.90 to Rs3.28 per unit. The government has also sought a 25% increase in the base national electricity tariff, effective from July 1, 2025.

The proposed increase has sparked concerns among consumers, who are already grappling with high electricity bills and frequent power outages. The decision by NEPRA will be closely watched by consumers and industry observers alike.

#ElectricityPriceHike #Karachi #NEPRA #KElectric #FuelCostAdjustment #Pakistan

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Chahat Fateh Ali Khan releases new song Chal Chal Paiya Paiya

Social media sensation Chahat Fateh Ali Khan has released...

Zelensky ‘not ready’ to sign minerals deal with US: source

Ukrainian President Volodymyr Zelensky is "not ready" to sign...

Trump pushes Musk to be ‘more aggressive’ in federal cuts

US President Donald Trump said Saturday he would like...

UK PM, EU chief call for ‘just and enduring peace in Ukraine’

UK Prime Minister Keir Starmer and European Commission president...