The NEPRA and OGRA were given the authority to announce tariffs at the eleventh hour by the departing caretaker administration.
Reportedly, the caretaker administration changed the regulation to remove the government’s involvement in tariff announcements and made this significant decision over rising gas and electricity rates.
According to the sources, the federal cabinet has authorised changes to the OGRA and NEPRA regulations, allowing them to publish tariff alerts independently.
According to reports, the caretaker federal cabinet has adopted steps that would allow Nepra to notify consumers about gas and electricity rates.
According to the sources, the modifications will establish appellate tribunals for public complaints.
The already suffering customers were further burdened by the National Electric Power Regulatory Authority’s (NEPRA) announcement earlier on Tuesday of yet another hike in power costs.
As part of the fuel price adjustment (FCA) for January 2024, an increase in power prices of Rs 7.5 per unit has been authorised. The higher cost would be seen in consumers’ bills in March 2024.
Approved under the FCA, this hike affects all consumer groups with the exception of K-Electric (KE) and lifeline users. According to estimates, customers who are already struggling with high expenditures would bear an extra burden of Rs66 billion as a result of this raise.
Previous reports suggested that tariffs may increase, as the Central Power Purchasing Agency (CPPA) requested that NEPRA boost prices by Rs7.13 per unit due to FPA
