Electricity price expected to increase by Rs4.40 per unit

The National Electric and Power Authority (NEPRA) is likely to increase the electricity price by Rs.4.40 per unit in lieu of fuel cost adjustment (FCA) charges for the last quarter of 2023. 

The Ministry of Energy submitted a request to the authority, seeking a hike of Rs 4.40 per unit in electricity prices for three months, October to December 2023, at the request of power supply companies. 

The increase will impose a burden of additional Rs82 billion on the consumers, who are already overburdened by soaring inflation and high fuel and electricity costs.

The NEPRA is scheduled to hear the plea on February 14 (today).

In the petition, the Energy Ministry stated that the power supply companies, including Faisalabad Electric Supply Company (FESCO), Peshawar Electric Supply Company (PESCO), and Multan Power Supply Company (MEPCO) requested the ministry to increase the prices.

FESCO sought an increase of Rs9.44 billion, PESCO requested for Rs11.06 billion, and MEPCO asked a hike of Rs15 billion in an account of FCA. 

As per the government’s guidelines, the quarterly adjustment will also be effective for the consumers of K-Electric.