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Islamabad, June 21, 2024- In a significant development, the National Electric Power Regulatory Authority (NEPRA) has proposed a new electricity tariff structure that includes monthly fixed charges for residential users, effective July 1, 2024. This move is set to significantly impact electricity consumers across the country.
Residential Consumers to Pay Monthly Fixed Charges
According to sources, NEPRA has submitted its proposal to the government, which will give the final approval for the implementation of the fixed charges. The proposed charges range from Rs200 to Rs1,000 per month, depending on the units consumed.
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Tariff Structure
Under the new tariff, residential consumers using 301-400 units per month will pay Rs200 as fixed charges, while those consuming 401-500 units will pay Rs400. The fixed charges will increase to Rs600 for consumers using 501-600 units, Rs800 for those using 601-700 units, and Rs1,000 for those consuming above 700 units.
Commercial Consumers to Pay Higher Fixed Charges
Commercial consumers with a load of less than 5kWwill also pay Rs1,000 as fixed charges, while those with a load of 5kW and above will pay Rs2,000, a 300% increase from the existing Rs500.
Impact on Electricity Consumers
The current electricity unit cost comprises 72% fixed charges and 28% variable charges. The new tariff structure is expected to significantly burden residential and commercial consumers already reeling from the recent Rs5.72 per unit hike in power tariff announced in the Budget 2024-25. The average electricity tariff is set to rise to Rs35.50 per unit from the current Rs29.78, further exacerbating the economic woes of the general public.