The federal government has decided to decrease electricity tariffs, proposing a reduction of Rs2 per unit for the second quarter of the 2024-25 fiscal year.
If approved, this adjustment could effect in March, offering consumers an estimated relief of over Rs52 billion.
Power distribution companies have already submitted their requests for a quarterly tariff adjustment to the National Electric Power Regulatory Authority (Nepra), which is scheduled to hold a public hearing on February 12 to assess the proposal.
If approved, the reduction will be applied to electricity bills for March, April, and May.
However, lifeline consumers will not be eligible for this price cut, whereas K-Electric customers will benefit from the adjustment.
The main objective of this reduction is to improve the financial pressure on consumers amid rising economic challenges and inflation.
The government expects that the lower electricity rates will temporarily relieve households and businesses.
The final decision rests with Nepra, which will estimate whether the adjustment aligns with economic and energy policy objectives.
If approved, the new rates will be implemented in the coming months, affecting millions of electricity consumers across Pakistan.