ISLAMABAD – The Economic Coordination Committee (ECC) has approved an increase in power tariff for consumers using more than 300 units on Wednesday.
The ECC met under the chair of Finance Minister Asad Umar to discuss matters pertaining to the power sector and the economic indicators.
Finance Minister Asad Umar refused to disclose how much increase has been made in the electricity tariff.
However, he said “Power tariff has been hiked below the level of expectations.”
The committee decided that electricity prices would not be raised for domestic consumers using 300 units or less every month. However, households that consume more than 300 units per month will witness a rise in electricity prices of roughly 10 percent.
According to local media, the government wants to increase the power tariff in two phases. The Ministry of Power has sought permission from National Electric Power Regulatory Authority (NEPRA) regarding increasing the power tariff by Rs3.74/unit in two phases, however, the government is facing difficulty in increasing the price after NEPRA’s new tariff.”
A major relief has been given to the agriculture sector as power tariff has been cut from Rs 10.50 per unit to Rs 5.50 per unit for it.
