The National Electric Power Regulatory Authority (NEPRA) has approved a reduction of Rs. 1.23 per unit in electricity prices for February. This reduction is due to the monthly fuel adjustment for December, as outlined in a notification from NEPRA.
The relief will be reflected in February's electricity bills but will not apply to lifeline consumers and electric vehicle charging stations. K-Electric consumers will also benefit from the Rs. 1.23 per unit reduction, based on the monthly fuel adjustment for November.
Karachi's electricity consumers can expect relief in their February bills as part of this price cut. NEPRA confirmed that the price reduction will benefit consumers across the country, including Karachi.
Power companies had earlier filed a petition seeking a tariff reduction of Rs. 52.12 billion as part of the second quarterly adjustment for the current fiscal year. This request included a reduction of Rs. 50.66 billion in capacity charges, Rs. 2.66 billion in transmission and distribution losses, and Rs. 2.69 billion in operation and maintenance expenses.
On February 7, Prime Minister Shehbaz Sharif announced further reductions in electricity tariffs for domestic and industrial consumers, citing reforms in the electricity sector. He expressed satisfaction with the positive impact of these changes while chairing a review meeting in Islamabad.
The Prime Minister emphasized his commitment to providing affordable and sustainable power, noting that renegotiating agreements with independent power producers (IPPs) is saving the national treasury and reducing electricity prices for consumers.
He also highlighted the government's campaign against power theft, pledging to intensify efforts to eliminate losses incurred by distribution companies.
Additionally, PM Shehbaz said appointing reputable private sector board members in electricity distribution companies is enhancing performance, and the reduction in transmission losses reflects the success of the ongoing reforms.
