K-Electric, the coastal metropolis’s only power utility, on Saturday requested a Rs5.45 per unit increase in the electricity tariff under the fuel cost adjustment (FCA) for May and June 2024.
If approved by the National Electricity Power Regulatory Authority (Nepra), this hike will drastically add to the financial strain on the consumers grappling with runaway inflation amid shrinking incomes.
Citing increased fuel costs, the utility has requested Nepra to approve a tariff increase of Rs2.53 per unit for May and Rs2.92 per unit for June. In case the authority grants this request in its hearing on July 30, consumers will face an additional burden of Rs10 billion.