The Electricity tariff has remained unchanged for 63.5 per cent of domestic consumers.
It was revealed at a media briefing jointly held by Caretaker Minister for Information and Broadcasting Murtaza Solangi along with Federal Secretary of the Power Division Rashid Mahmood Langrial, in Islamabad on Saturday.
Responding to the media queries, the Secretary Power Division said the unit of electricity was increased from 3 rupees to 6.5 rupees for 31.6 percent domestic consumers.
He further revealed electricity unit was increased to 7.5 rupees for only 4.9 percent domestic consumers.
He informed the media that the National Electric Power Regulatory Authority determined electricity tariffs by using three distinct methodologies.
Highlighting the reasons of high prices of electricity, he said two trillions rupees will be paid next year under the capacity payments.
He said the price of imported coal was recorded in between 51 to 61 thousand rupees per metric ton. He said we made plan to set the price of RLNG to 3183 MMBTU but, its price was recorded in between 3000 to 3800 rupees.
Moving along, the secretary said we notified the rates according to the dollar rate of 195 but the rate of dollar was raised to 284 rupees in the fiscal year 2023.
He said that rising in the Karachi Inter-Bank Offered Rate also necessitates changes in tariffs and we also witness the change in the prices of electricity due to the fuel price adjustment.
The Power Division Secretary said the facility of the provision of free electricity units to the officers of distribution companies is being discontinued and he further emphasized that the burden is not being transferred to regular bill-paying individuals.
Source: Radio Pakistan