National Electric Power Regulatory Authority (NEPRA) has drastically reduced the prices of electricity by over Rs. 3.11 per unit. Due to fuel adjustments and changes, the new rates have been decided by NEPRA. Though this should be clear that the reduced new rates are not applicable for K-Electric consumers. They are only for NEPRA users.
Almost a relief of Rs 25 billion will be given.
NEPRA is a regulatory authority in Pakistan whose main duties are to issue licenses for generation, transmission and distribution of electric power, to develop and enforce laws in order to ensure quality and safety of operations and electric power supply to consumers, approve the power acquisition program of different companies and establish tariffs for generation, transmission and distribution of electric power. The aim of NEPRA is to make sure that interests of both the customer and the investors are safeguarded. At the end, the ultimate goal is to ensure that Electric Power Sector moves towards a better, competitive environment.
“NEPRA has been created to introduce transparent and judicious economic regulation, based on sound commercial principals, to the electric power sector of Pakistan. NEPRA reflects the country’s resolve to enter the new era as a nation committed to free enterprise and to meet its social objectives with the aim of improving the quality of life for its people and to offer them opportunities for growth and development.”