According to an ARY News story on Friday, the National Electric Power Regulatory Authority (NEPRA) has finalized a new power tariff design for residential customers that will go into effect on July 1, 2024. The rates are fixed each month.
Fixed Charges for Residential Consumers
The government, which will ultimately approve the imposition of the fixed costs, has received a proposal from the regulatory body for fixed charges that would range from Rs. 200 to Rs. 1,000 per month in the electricity bills.
At the moment, 28% of the cost of each power unit is variable and 72% of the cost is set.
The full list of slabs is as follows:
The specific rates are as follows:
- 301-400 units per month: Rs. 200 per month
- 401-500 units per month: Rs. 400 per month
- 501-600 units per month: Rs. 600 per month
- 601-700 units per month: Rs. 800 per month
- More than 700 units per month: Rs. 1,000 per month
- Additionally, residential users of the Time-of-Use (ToU) meter will be required to pay a fixed monthly fee of Rs. 1,000.
Proposal Statement
The proposal states that beginning on July 1, 2024, home customers using 301–400 units per month will pay fixed fees of Rs 200; those using 401–500 units per month will pay Rs 400; and end users of electricity consuming 501–600 units per month will pay Rs 600.
Residential users using 601–700 units will pay Rs. 800 per month; users using more than 700 units will pay Rs. 1,000 per month.
In addition, home users of the ToU (time of use) meter will be required to pay a fixed monthly fee of Rs 1,000.
Charges for Commercial Consumers
Commercial customers with loads under 5 kW would also be required to pay a set monthly fee of Rs 1,000. Nonetheless, business electricity consumers with loads of 5 kW or more would now pay Rs2,000 instead of the previous Rs500, a 300 per cent increase.
Overall Tariff Changes
The federal government has increased power tariffs by Rs 5.72 per unit to further burden consumers plagued by inflation, following the release of Budget 2024–25.
It was declared by the National Electric Power Regulatory Authority (NEPRA) that the average electricity cost will increase from the current Rs. 29.78 to Rs. 35.50 per unit.
