BREAKING!! Electricity Prices Expected to Rise Again | New Price?

The latest update on electricity prices shows that there are chances of prices to go up to Rs 2.94 per unit whereas the total cost will be more than Rs 20 billion. In March, 22 economical power plants were shut down significantly impacting the consumers. Zeeshan Yusufzai discusses this development.

Understanding the Rise in Electricity Prices

Media reporters said the increase in electricity prices can possibly be linked with an increase in the monthly fuel cost adjustment. Electricity tariffs are increasing despite clear statements by the government. According to the report 13 local gas and 9 RLNG power plants have impacted the production cost significantly as per company during March closing. The production cost of local gas is around Rs13 per unit while RLNG is near about Rs22 per unit.

Implications of Power Plant Shutdowns

These power plants are crucially important, their shutdown raises questions about the sustainability and affordability of electricity in Pakistan. 0n an account of these decisions pending finalization its expected that any increase proposed by NEPRA will likely to be approved, which will burden the consumers with higher bills. Reporter Zeeshan Yusufzai put emphasis on the issue of rising electricity prices and its connection with international market dynamics. Tomorrow’s decision can have a significant impact on consumers dealing with increased utility bills. Stay tuned for updates as the situation develops.