The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved Rs 6.50 hike for power tariff of Islamabad Electric Supply Company (IESCO) and Peshawar Electric Power Supply Company (PESCO).
NEPRA said the increase had been approved for the current fiscal year. Officials said that power tariff of IESCO and PESCO had been increased from Re 1 to Rs 6.50.
Power tariffs for commercial consumers have been raised to Rs 5, industrial consumers to Rs 5 while tariff for domestic consumer has been raised to Rs 6.50 per unit. Power tariff for agriculture consumers have been raised to Rs 3.30 per unit. NEPRA said IESCO would earn Rs 85 billion from this hike, while PESCO would earn Rs 71 billion. NEPRA argued that the increase had been approved in view of increasing power generation cost.