In just 1 year, electricity become expensive by 47 rupees

In just 1 year, electricity become expensive by 47 rupees

For Pakistani electricity consumers, 2023 has become the most expensive year in the history of the country, it has become extremely difficult for people to pay electricity bills.

In just 1 year, electricity has become expensive by 47 rupees, 2023 has become the most expensive year in the country's history for Pakistani electricity consumers, it has become extremely difficult for people to pay electricity bills. According to the details, while the year 2023 proved to be the worst year in the history of the country for the people of Pakistan in terms of overall inflation, on the other hand, the issue of high cost of electricity also broke the economic back of the people.

According to a report, the year 2023 has been the heaviest year for electricity consumers, the large increase in electricity rates has also caused inflation, this year electricity rates have reached the highest level in history, in one year electricity prices have increased. There was a total increase of Rs 47. Despite the huge bills, there was a major power shortfall and load shedding for 18 hours.

According to the data, electricity rates were increased 7 times and decreased 2 times due to fuel cost adjustment, while three times were increased due to quarterly adjustment.

This year, different surcharges were imposed on electricity bills four times, in the form of overheads, electricity became expensive by a total of 22 rupees 18 paise per unit. The basic price of electricity was increased by 7 rupees 50 paise per unit on the condition of the IMF to eliminate the revolving debt, on the request of the federal government, the minimum price of electricity was fixed at 25 rupees and the maximum price was 43 rupees per unit. went

This year electricity concession packages were also abolished, the government withdrew the subsidy of 3 rupees 60 paise per unit given to farmers in February, the concession package of 19 rupees 99 paisa for import industries has also been abolished in February. Reacting to the report of breaking all records of electricity cost in 2023, the caretaker energy minister has called capacity payments as the main reason for cost of electricity.

The caretaker minister has disclosed that due to the dangerous terms of capacity payments in power projects, the government has to move towards alternative energy. The revolving debt of the power sector has reached 2600 billion rupees, the loan taken for the construction of power plants is also being returned by the people with interest. The caretaker energy minister has warned the people that the process of putting more burden on the electricity consumers is not going to stop yet.