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Latest Electricity Price Per Unit in Pakistan 2024

Overview: Electricity prices in Pakistan are witnessing a continuous upward trend, posing concerns for consumers across the nation. The per unit cost of electricity varies depending on the province of residence, managed by respective Electric Supply Companies (ESCOs). Understanding these dynamics is crucial for consumers to navigate their electricity bills effectively.

Regulatory Authority: The National Electric Power Regulatory Authority (NEPRA) holds sway over Pakistan’s electricity supply, determining rates in collaboration with the government. NEPRA’s oversight ensures transparency in billing, reflected in consumers’ electricity bills.

Recent Updates: In 2024, electricity prices surged to 65 rupees per unit, with a minimum price set at 22 rupees per unit. NEPRA, under governmental supervision, orchestrated this increase. This updated pricing structure demands attention from consumers to manage their energy expenses efficiently.

Current Rates (Domestic and Commercial):

Number of UnitsPer Unit Rate (PKR)
Below 505.95
1 to 1007.67
101 to 20018.55
201 to 30024.86
301 to 70027.56
Above 70035.54

For commercial connections, rates differ based on load type, ranging from 38.80 PKR to 40.26 PKR per unit.

Electricity Distribution Companies: Pakistan’s electricity distribution landscape is diversified, with notable companies like FESCO, GEPCO, HESCO, and others ensuring power supply across regions.

List of Electricity Distribution companies of Pakistan

Electricity distribution companies in Pakistan are given below.

(FESCO)-Faisalabad Electric Supply Company

(GEPCO)-Gujranwala Electric Power Company

(HAZECO)-Hazara Electric Supply Company

(HESCO)-Hyderabad Electric Supply Company

(IESCO)-Islamabad Electric Supply Company

(K Electic)- Karachi Electric Supply Company

(LESCO)-Lahore Electric Supply Company

(MEPCO)-Multan Electric Power Company

(PESCO)-Peshawar Electric Power Company

(QESCO)-Quetta Electric Supply Company

(SEPCO)-Sukkur Electric Power Company

(TESCO)-Tribal Electric Supply Company

Price Structure: The cost structure per unit incorporates various components including unit price, meter fare (where applicable), service charges, fuel adjustments, surcharges, and government-imposed duties and taxes such as electricity duty, GST, and TV fee.

Calculating Your Bill: Consumers can calculate their electricity bills by multiplying their consumption in units with the base tariff, adding applicable charges, taxes, and peak hour rates, if applicable.

Example Calculation: For instance, a consumption of 300 units, with 100 units during peak hours, would yield a bill of 6119.69 PKR.

Conclusion: The recent hike in electricity rates coupled with inflationary pressures presents challenges for consumers. Staying informed about billing components and updates is essential. Continued vigilance and awareness empower consumers to navigate the evolving energy landscape effectively. Stay tuned for further updates and insights to manage your energy expenses efficiently.

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