The real reason behind the rise in electricity bills has come to light
With the increase in electricity prices, bills are also higher than people think, skyrocketing electricity bills have become a big problem for everyone. Why are electricity bills rising in Pakistan? The main reason for this came to light.
According to the details, the country's current account deficit continues to widen due to economic difficulties and the exchange rate is under constant pressure, fueling inflationary pressures. Almost every social class is affected by the rising cost of electricity these days.
In just one year, the cost of generating electricity has risen by a total of 160 percent, putting severe pressure on consumer payments, with the country generating about a third of its electricity from imported fuels such as heating oil, coal and natural gas. Due to the depreciation of the Pakistani rupee and the rise in the prices of imported fuels due to the geopolitical situation, electricity bills are rising.
Although the basic electricity tariff rarely changes, the adjustment of fuel charges has also led to a sharp increase in electricity bills, according to Nepra, the difference in fuel prices after verification and approval by Nepra is directly reflected in the monthly bills of consumers. The fuel charge adjustment adjusts the production cost of electricity against the cost of fuel consumed per month.