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    Israel launches deadly strike on Gaza’s Indonesian Hospital as death toll crosses 13,000

    Israel launches ground assault on Gaza City

    China FM says Palestinian factions agree to set up reconciliation government

    Calls grow to shift UNGA session to Geneva after Trump administration refused visas to Palestinian President

    Nepal Prime Minister quits as anti-corruption protests spiral

    Nepal Prime Minister quits as anti-corruption protests spiral

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    Israeli civilian shot dead Palestinian man in West Bank

    Israel claims 40% control of Gaza

    Indonesia: Earthquake shakes island Java killed 44

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    International Rescuers to reach Afghan quake survivors

    Afghanistan earthquake kills 622 with more than 1,500 injured

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    Two Israeli soldiers killed, 13 injured, four missing

    Trump-Zelensky clash in Oval Office shouting match

    US approves $825 mn missile sale to Ukraine

  • BUSINESS
    FBR introduces new law mandating NOC for property transactions

    FBR chief dismisses reports of Rs100bn loss in faceless customs system

    Pakistan imports 450000 metric tons wheat from Russia

    Wheat price slashed in Karachi

    FBR introduces new law mandating NOC for property transactions

    FBR reports 16pc rise in monthly tax collection for August

    Relief Activities would continue for two years, Ahsan Iqbal

    Severe flooding in Punjab poses threat to Pakistan’s economy

    Govt notifies major amendments in pension rules

    EOBI pensioners to receive 15pc increase

    Petrol prices likely to increase up to Rs13 per litre

    Govt likely to drop petrol prices

    Utility stores passes subsidy removal burden to poor

    ECC okays Rs30.2bn grant for Utility Stores Corporation closure

    Nepra uncovers serious irregularities in billing, meter readings

    ECC approves major relief for power consumers

    IMF reaches staff-level agreement with Pakistan on final review of $3bn SBA

    IMF suggests insurance cover for losses in natural calamities

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    Logan Paul, Nina Agdal addresses split rumours weeks after their marriage

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    “Indus Echoes” Announces Release Dates for Hyderabad, Larkana

    Shahid Kapoor reveals why he chose to take ‘outside route’ to Bollywood

    Shahid Kapoor reveals his Sunday rituals

    Here’s truth behind viral photo of Sidharth Malhotra & Kiara Advani’s daughter

    Here’s truth behind viral photo of Sidharth Malhotra & Kiara Advani’s daughter

    Indian actor-singer Anjali Raghav quits industry after accusing co-star of inappropriate touch

    Indian actor-singer Anjali Raghav quits industry after accusing co-star of inappropriate touch

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    Maya Ali opens up about marriage ideas

    Salman Khan not able to sleep since Baba’s death, zeeshan Siddique

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Nepra allows Rs3.28 per unit hike in electricity tariff for six months

Web Desk by Web Desk
in BUSINESS, EDITORS PICK, FINANCE, PAKISTAN, TOP STORIES
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The National Electric Power Regulatory Authority (Nepra) allowed state-run power distribution companies (Discos) and K-Electric to increase electricity rates by Rs3.28 per unit for the next six months, starting from October 2023 to March 2024. 

All the consumers will be charged an extra Rs3.28 per unit on account of the fourth quarterly adjustments for FY23 (April-June 2023). 

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This increase has been made due to the variation in capacity charges, Variable O&M, additional recovery on incremental sales, Use of System Charges, Market Operator Fee, and fuel charge adjustment (FCA) impact on transmission and distribution (T&D) losses.

All Discos and K-Electric will collect nearly Rs183 billion (including GST) from power in these six months. Excluding GST, the Discos collection stands at Rs135.58 billion and the K-Electric will charge up to Rs20 billion.

Interestingly, of this collection (without GST), over Rs130 billion is for paying capacity charges to Independent Power Producers (IPPs).

It should be noted that no quarterly adjustments would be passed on to Bl, B2, B3 and B4 industrial consumers to the extent of incremental sales till the continuation of the package, in line with the Authority’s decision of December 01, 2020.

On August 24, 2023, Nepra held a public hearing on the petition filed by the companies. Representative of the Ministry of Energy during the hearing submitted that the proposed quarterly adjustment may be recovered from consumers in a period of six months in order to minimise the impact on consumers.

The ministry said that the impact would be around Rs3.55 per unit instead of Rs6.20 per unit if passed on to consumers over a period of six months instead of three months.

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Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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