The national power regulator (NEPRA) approved another fuel adjustment for power producers on Monday, raising the price of one unit of electricity by Rs1.65 for consumers who use more than 300 units per month.
The price hike will apply from October bills where one power unit will cost Rs18.9 instead of Rs16.44, National Electric Power Regulatory Authority (NEPRA) has notified it.
With this increase, the collective burden borne by the people will be Rs90 billion as about 80 per cent of the consumers use more than 300 units a month.
The upward revision of unit prices due to fuel price adjustment done last month expired on Sep 30 and now the power regulator announed another more expensive adjustment.
However, this adjustment will not factor in in the bills of K Electric consumers.
In a separate but relevant development earlier this week, the Karachi Chambers of Commerce boycotted the announcement of the public hearing by the power regulator to decide on power tariffs alleging the decisions are always preordained to favour Karachi Electric.
The business community of the KCCI alleged that the only reason of these public hearings, convened by the National Electric Power Regulatory Authority, is to please KE and the exercise is a rubber stamp event to legitimize the process.