Date 24.10.2024

Electricity rates after new tariff hike Increase in electricity rates from Rs 9 to Rs 29 per unit, new tariff 

•  9 rupees 93 paise from one to 50 units to protected customers,
•  From 51 to 100 units Rs 13 64 paise,
•  From 101 to 200 units there will be a charge of Rs 29.21 per unit.

The penalty policy on excessive electricity bills has also been changed.

A surcharge of 5% will be charged for payment after 3 days of the due date, and 10% for overdue payment.

The Tariff Hike

The hike in electricity prices is part of the government’s strategy to reduce its revolving debt in the power sector to cope with rising fuel prices and ensure the sustainability of power supply to millions of people.

Official Explanation for the Tariff Hike

Government officials have mentioned the tariff hike as essential to stabilize the power sector and reduce the country’s dependence on subsidies. Nepra said that this increase is essential to maintain a good power supply in the long term.

Future Plans and Mitigation Measures:

The government has announced a subsidy scheme for low-income households to offset the impact of higher rates. In addition, there are plans to invest in efficient energy projects to reduce dependence on expensive fuel imports.

 Solutions for Consumers

Consumers are advised to adopt energy-saving practices, there are a few things that can be done to reduce energy consumption such as using LED bulbs, turning off things that are not being used, and turning to solar panels to reduce electricity use and costs.

Conclusion

The increase in electricity prices during this period, from Rs 9.29 paise per unit, will have a significant impact on consumers across Pakistan. When the purpose of this increase is to stabilize our power sector, we should support the higher authorities in this purpose. In this way, our power sector can develop and it can be easy to provide electricity to millions of homes. All can live a prosperous life.

FAQ’s

1. What is the new electricity rate after the hike?

Ans: Prices have increased from Rs 9 per unit to Rs 29 per unit depending on consumer and usage category.

2. Why were electricity rates increased?

Ans: This increase is due to various factors, including rising global fuel prices, and government efforts to reduce subsidies.

3. How can reduce electricity bills under the new rates?

Ans: Consumer energy conservation, such as using energy-saving appliances, and turning off appliances when not in use.