In a welcome development for electricity consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction in power tariffs under the monthly fuel cost adjustment (FCA) mechanism.
According to official notifications issued by NEPRA:
The price cuts come after NEPRA reviewed fuel cost data and held hearings on separate petitions submitted by K-Electric and the DISCOs. The authority had earlier received a request for a Rs4.60 per unit reduction in FCA charges.
After evaluating the data and conducting public hearings, NEPRA finalized and issued separate notifications to implement the revised rates for different categories of consumers.
This move is expected to bring temporary financial relief to millions of households and businesses burdened by high electricity bills.