News
Thursday, September 04, 2008
Increased power tariff to be effective from 7th
LAHORE: Having received the government’s assent for an increase in the power tariff, the Pakistan Electric Power Company (PEPCO) has started working on the new tariff schedule, which will be effective from September 7, Geo News reported on Wednesday. The channel reported that PEPCO would forward the summary to the prime minister within a couple of days for his approval, adding the new tariff was expected to be applicable to the electricity bills for the month of September. The new tariff rates would not be applicable to domestic consumers using 50 units a month, it said. The rate for 50 to 100 units of consumption would rise to Rs 3.93 per unit while those using 300 to 1000 units would pay Rs 8.53 per unit. Online reported that the Ministry of Finance has approved a 31 percent increase in electricity prices. Minister for Water and Power Raja Pervez Ashraf said the tariff hike was inevitable. APP quoted Ashraf as saying the National Electric Power Regulatory Authority (NEPRA) will announce the tariff increase in the next two or three days. While talking to reporters at the Parliament House, he said NEPRA decides electricity prices after consulting the various electricity companies. He reiterated the government’s commitment that there would be no load shedding in the country during Sehar and Iftar times. daily times monitor/agencies
Courtesy DailyTimes