The price of electricity has been increased by Rs1.74 per unit, following a notification issued by the relevant authorities.

The adjustment, which applies to both K-Electric and other Distribution Companies (DISCOs), is set to affect electricity consumers across the country.

The hike in rates, implemented as a quarterly adjustment, will result in an additional burden of Rs 43 billion 23 crore on consumers. This increase will be applicable for the months of September, October, and November.

The decision for this adjustment was communicated to the federal government by the National Electric Power Regulatory Authority (NEPRA) on September 6.

Consumers should prepare for higher electricity bills as the new rates take effect.