Electric bills to significantly rise soon | The Express Tribune

[ad_1]
ISLAMABAD:

ISLAMABAD. The country’s power regulator--the National Electric Power Regulatory Authority (Nepra) on Friday approved a hike in the national average power tariff by Rs4.96 per unit for the current fiscal year, in line with a condition imposed by the International Monetary Fund (IMF).

If Nepra’s decision is implemented, the electric bills of all domestic power consumers will significantly increase. For those consuming 100 units of electricity, the monthly tariff will increase from Rs13.4 to Rs18.36 per unit, resulting in a bill of Rs1,836, excluding taxes and other charges.

The tariff for 200 units per month will be set at Rs23.91 per unit, causing the bill to increase from Rs3,700 to Rs4,700. Similarly, for a monthly usage of 300 units, the bill will rise from Rs6,000 to Rs8,000.

Electric bill for the household using 400 units will rise from Rs10,000 to Rs12,300 per month. Those consuming 500 units will witness an increase in their electricity bill from Rs13,000 to Rs16,000. Users with a monthly consumption of 700 units will experience a hike in their bill from Rs24,000 to Rs28,000.

Read more: Structural reforms inevitable to cope with economic challenges: PM

Taxes, surcharges, capacity payment, and monthly fuel adjustment will also apply to all users.

“The revised national average tariff for the FY2023-24 has been determined as Rs29.78/kWh, which is Rs.4.96/kWh higher than the previously determined national average tariff of Rs24.82/kWh,” the power regulator said in a press release on Friday.

It added that the increase in the tariff was “mainly due to overall low sales growth, rupee devaluation, high inflation, exorbitant interest rates and addition of new capacities”, among other factors.

“The determined tariffs are intimated to the federal government to file a uniform tariff application. The uniform tariff so determined by Nepra after incorporating the amount of subsidy/surcharges as intimated by the government, is notified by the government to be charged from the consumers,” it said.

[ad_2] Source link https://worldnews2023.com/business/electric-bills-to-significantly-rise-soon-the-express-tribune/?feed_id=36514&_unique_id=64b311316d173

Comments

Post a Comment

Popular posts from this blog

Real Housewives of Beverly Hills couple Kyle Richards and Mauricio Umansky ‘seperate’

Image
[ad_1] Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Real Housewives of Beverly Hills ’ Kyle Richards and Mauricio Umansky have reportedly separated after 27 years of marriage. Richards joined the popular Bravo reality series in 2010 with Umansky making regular appearances over the last 13 years. “Kyle and Mauricio have been separated for a while now but are still living under the same roof. They remain amicable as they figure out what’s next for them and their family,” a source confirmed to People on Monday (3 July). The separation will affect both Real Housewives , which is gearing up for its 13th season, and the Netflix reality series Buying Beverly Hills, which follows Umansky’s real estate business as two of their daughters work as agents. Richards has already filmed the second season of the Netflix show, according to Deadline . The I...
Read more

Pfizer RSV vaccine for infants has 'generally favorable' safety data, FDA staff say

Image
[ad_1] Blood sample for respiratory syncytial virus (RSV) test Jarun011 | Istock | Getty Images U.S. Food and Drug Administration staff on Tuesday said Pfizer's vaccine that protects infants from respiratory syncytial virus has "generally favorable" safety data. The FDA staff made the conclusion in briefing documents ahead of a meeting on Thursday when a panel of external advisors to the agency will discuss whether to recommend full approval of the RSV shot . The advisors will vote on whether Pfizer's late-stage clinical trial data on the vaccine supports its safety and efficacy. The FDA typically follows the advice of its advisory committees, but is not required to do so. The agency is slated to make a decision on whether to clear the shot in August before RSV season in the fall. If approved, Pfizer's jab would become the world's first vaccine that protects infants against RSV.  RSV usually causes mild, cold-like symptoms. But infants and older ad...
Read more

Casemiro has improved Man Utd: Maguire | The Express Tribune

Image
[ad_1] LONDON: Casemiro scored twice as Manchester United turned on the style to beat 10-man Reading 3-1 and reach the FA Cup fifth round on Saturday as Tottenham forward Son Heung-min ended his recent goal drought. On a day lacking major shocks, there were wins for Premier League strugglers Leeds, Leicester and Southampton but Fulham were held by Championship side Sunderland. United – fourth in the Premier League and within touching distance of a place in the League Cup final – produced more compelling evidence they are back on track under new manager Erik ten Hag . The home side took the lead at Old Trafford in the 54th minute when Anthony produced a defence-splitting pass to find Brazil teammate Casemiro, who lifted the ball over goalkeeper Joe Lumley. Four minutes later United were two up, when Casemiro let fly with a stunning strike from outside the box to find the bottom corner. With the home side brimming with confidence, substitute Fred produced an audacious flic...
Read more