In a major development for Karachi’s electricity consumers, the power tariff will likely decrease by Rs 4.95 per unit.
K-Electric has submitted a formal request to the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in electricity prices.
NEPRA is set to hold a hearing on K-Electric’s request for the monthly fuel adjustment for December 2024. If approved, the reduction in power tariff will provide a collective relief of Rs 4.94 billion to consumers, significantly easing the financial burden on households and businesses.
Read: K-Electric Proposes Rs4.98 per kWh Relief for November FCA
Earlier this month, Prime Minister Shehbaz Sharif reiterated the government’s commitment to reducing electricity tariffs for domestic consumers and industries through comprehensive reforms in the power sector. During a review meeting held in Islamabad, the Prime Minister expressed satisfaction with the ongoing changes, stating that they yield positive results.
As NEPRA prepares to hold its hearing, Karachi’s electricity consumers await a decision that could bring significant financial relief. If approved, the Rs 4.95 per unit reduction will mark a positive step toward making electricity more affordable and accessible for all.
