Huge increase in electricity rates of Rs 6.51 per unit sought
IMF Monetary Stability: Role, Challenges and Reform Proposals
ISLAMABAD – Nepra has demanded a huge increase in electricity rates of Rs 6.51 per unit, to pay off the IMF loan. This burden will fall on the consumers.
According to the details, Nepra has filed an application for an increase of Rs 27.11 per unit in the Power Price (PPP).
The IMF believes that repayment of its loan is not possible without an increase in electricity demand.
The current rate is Rs 20.60 per unit. Thus, a huge increase of 6.51 rupees per unit has been demanded in the production cost of electricity. The burden will fall on the consumers. Its purpose is to determine the base rate for the next financial year.
On the request of the IMF, Nepra will determine this basic tariff from July 1, 2024.
He is on a visit to Pakistan for talks with the authorities to determine the loan of 6 billion to 8 billion dollars in the IMF.
According to the concerned authorities in the Ministry of Energy, after fixing the base tariff, the rates will increase from Rs. 29.78 to Rs. 36.28 per unit. Whereas, after the price adjustment, domestic consumers will have to pay Rs 48.51 per unit of electricity during peak hours.
