Karachi Electric Supply Company (KESC) an average increase of 2.73 per unit. The National Power Regulatory Authority (NEPRA) has allowed to KESC to increase the tariff and it charged customers more than 18.4% and it is effective form July1, on account of changed in its fuel costs during the first quarter of 2011.
The overall price hike was the result of three separate decisions by Nepra, which allowed a tariff adjustment for the first three months of 2011 of Rs1.94 per unit, a fuel adjustment for March 2011 of Rs1.54 per unit, as well as a Rs0.69 reduction per unit reduction in tariffs on account of the fuel adjustment for April.
“After a reduction in the power tariff by Rs0.69 per unit out of the total Rs3.48 per unit power tariff increase, KESC has been allowed to raise tariff by Rs2.79 per unit,” said a Nepra official.
Electricity tariffs are extraordinarily complex since power companies charge different rates for varying levels of consumption as well as having different rates for residential, commercial and industrial users. In addition, there can be variation between the rates charged during peak and off-peak hours. Tariff increases are typically calculated by taking into account the rises in costs for power companies, usually involving changes in fuel prices (mostly oil, but also natural gas). The tariff increase announced is the average tariff increase, and actual tariff changes for every category will vary.
The impact of these price adjustments will be felt in the month of July by all KESC customers, except those who use less than 50 kWh and those who are classified as agricultural consumers.
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