Another power tariff hike on the cards

Author: DNA

Another bad news for electricity consumers as proposal to increase power tariff by Rs 0.57 per unit has been tabled. The Central Power Purchasing Agency (CPPA) on Monday submitted an application regarding increase in power tariff in the National Electric Power Regulatory Authority (NEPRA).

The NEPRA will consider the matter in its meeting scheduled for May 28. It is pertinent to mention here that the proposed increase in power tariff is on account of fuel cost adjustment. Earlier, the CPPA had appealed for a hike in power tariff by Rs 1.23 per unit last month, but the NEPRA had approved Rs 0.81 hike, leading to the consumers having to bear an additional financial burden. The electricity regulating body had stated that after the rise in the power tariff, consumers would now be enduring an additional burden of Rs 5.2 billion.

Share
Leave a Comment

Recent Posts

  • Top Stories

Senior executives at Mercuria to face investigation by Pakistan’s FIA

Mercuria, a global commodities trading firm headquartered in Geneva, finds its senior executives under scrutiny…

19 hours ago
  • Business

PSX extends bullish trend with gain of 862 points

Pakistan Stock Exchange (PSX) remained bullish for the second session in a row on Monday,…

20 hours ago
  • Business

PKR depreciates by 3 paisas to 278.24 vs USD

The rupee remained on the back foot against the US dollar in the interbank market…

20 hours ago
  • Business

SECP approves PIA’s scheme of arrangement

The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan…

20 hours ago
  • Business

Gold snaps losing streak

Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per…

20 hours ago
  • Business

Rs 83.6 billion loaned to young entrepreneurs: Rana Mashhood

Chairman of the Prime Minister Youth’s Programme(PMYP) Rana Mashhood has underscored the success of the…

20 hours ago