K-Electric will increase the price of electricity from September 1, 2020.

ISLAMABAD (Dunya News) – The federal government has increased the electricity tariff for the K-Electric consumers from Rs1.09 to Rs2.89 per unit.

The Power Division notified an increase in the price of electricity by Rs 1.09 to Rs 2.89 per unit for K Electric consumers. K-Electric will increase the price of electricity from September 1, 2020.

It pertinent here to mention that the Economic Coordination Committee (ECC) of the Cabinet had decided to approve an increase in K-Electric’s tariff up to Rs2.89 per unit from September 1, 2020, and a subsidy of Rs 4.7 billion was also provided to the entity on account of tariff differential.

With this increase, the KE’s tariff would be on par with other power distribution companies.

ECC also approved the summary moved by the Power Division for the rationalization of eleven quarterly adjustments of K-Electric Limited from July 2016 to March 2019.

The quarterly adjustments of K-Electric for the period from July 2016 to March 2019 will be notified with effect from 1st September 2020 to bring the tariff K-Electric at par with what is currently filed for consumers of (X-WAPDA) other DISCOs.

The increase in KE tariff was also approved by the ECC meeting on July 3, 2020, however, the decision was not endorsed by the federal cabinet, thus, the implementation of tariff increase did not happen.