ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Tuesday approved reduction in electricity price by Rs. 3.24.
The price reduction was announced in view of fuel adjustment charges of December 2014. The price reduction will give relief to users by Rs. 21 billion for bills generated in March.
According to the details, the Central Power Purchasing Agency (CPPA) had submitted an application in the previous month for reduction in electricity prices after petroleum prices were cut down.
NEPRA officials approved the price reduction of electricity after an elongated period of consultation. This relief given on monthly basis in view of fuel adjustment has been the biggest from the past 1 year. The decision will not be applicable to bills of the consumers of life-line and K-Electric.