t-align: justify;">ISLAMABAD, Jul 04 (APP):The Ministry of Power Division on Thursday announced that the new electricity tariff would be applicable from July 1 adding that new rates would be notified after hearing of National Electric Power Regulatory Authority (NEPRA).
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t-align: justify;">The new tariff would have little impact on the monthly bills of most consumers, said a statement issued here.
t-align: justify;">The government would provide subsidy of Rs 440 billion to minimize increase in electricity bills, it further said.
t-align: justify;">The increase would be less than 2 per cent for 10.68 million poor consumers which constitute around 58 per cent of total consumers. For remaining 42 per cent well of consumers, the average increase would be around 9 per cent, the statement further said.
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t-align: justify;">Electricity tariff were expected to decrease with improvement in the economy.
t-align: justify;">By January 2025, electricity tariff for all consumers were expected to decrease by an average 3 per cent as compared to June 2024, the statement said.
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t-align: justify;">Keeping in view of 75 per cent cost of the power sector, imposing fixed charges was necessary.
t-align: justify;">Burden of Rs 150 billion has been reduced on the industrial sector for the promotion of domestic industry.
