The National Electric Power Regulatory Authority (NEPRA) has proposed to raise the base tariff of electricity by Rs. 4.96 per unit, a move aimed at completing yet another condition set by the International Monetary Fund (IMF).
It is expected that the power regulator will officially announce the decision after approval of the fedearl cabinet. The proposed increase is under conditions set by the IMF, however, whether the increase would be in one go or in staggered manner is still being discussed by NEPRA.
If the proposal is approved by the federal cabinet, the national average base tariff will go up to almost Rs. 30 per unit, from the current national average base tariff of Rs. 24.82 per unit.
However, after the application of GST and other taxes to the new base tariff, the per unit cost will reach Rs. 50 per unit. The price hike will likely be announced through a notification once the cabinet has given its approval.
