There is a possibility of an increase in the price of electricity up to 3 and a half rupees per unit, the increase in the basic tariff of electricity will be a lump sum or in a phased manner the final decision will be taken by the federal cabinet.
An increase of one rupee per unit will burden the consumers by more than 100 billion rupees.
Power division sources say that it is not necessary to increase the price of electricity before the International Monetary Fund (IMF) board meeting, the main reason for the increase in the price of electricity is the increase in the value of the dollar.
According to a conservative estimate, the basic electricity tariff is expected to increase by Rs 3.50 which may happen even after the IMF board meeting.
The main reason for the expected increase in the price of electricity is the appreciation of the dollar, whatever the reason may be, increasing the cost of electricity by just one rupee per unit shifts the burden on the consumers by more than 100 billion rupees.
According to sources in the Ministry of Energy, three electricity distribution companies are yet to be heard on the requests for revenue requirements for the current financial year.
In the last financial year, the basic electricity tariff was increased by Rs 7.91 paise per unit in a phased manner.
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