Government Denies Extension of Peak Hours for Electricity Consumers

 

The government has refuted recent reports claiming an extension of peak hours for electricity consumers, despite rumors circulating on social media. The National Electric Power Regulatory Authority (NEPRA) has not included any such increase in its latest pricing determinations for distribution companies.

Contrary to speculations, peak hours have not been extended by two hours, beginning July 1, 2023.

The public expressed concerns over the rumored development, which was not part of NEPRA's strategy.

Although there was an increase in the basic electricity tariff by Rs. 4.96 per unit for July bills, the extension of peak hours has been put on hold for now.

This tariff adjustment is expected to generate Rs. 3.28 trillion in revenue during 2023-24.

Meanwhile, negotiations are underway regarding subsidies for low-income consumers in the rebased pricing structure. The Power Division is awaiting approval from the Prime Minister and Finance Minister, with NEPRA playing a crucial role in expediting the matter.

A public hearing on the case is also expected to be convened by NEPRA. The new rebasing could result in an approximate increase of Rs. 2-2.5 per unit for consumers, considering the effective cost is already Rs. 29.78 per unit, including quarterly tariff adjustments.