According to the Commission, the tariff adjustment was introduced to address an estimated revenue shortfall of nearly Rs. 38 billion caused by rising power generation costs during the current and upcoming quarters. The government has meanwhile agreed in writing to provide a Rs. 15 billion subsidy to support the power sector.
PUCSL stated that only around 5% of the total consumer base would be affected by the increase, while 95% of consumers would continue to pay existing rates.
The 18% hike will also apply to all government institutions, large-scale industries, and General Purpose categories GP2 and GP3. Religious institutions and GP1 users consuming more than 180 units will similarly be subjected to the revised tariffs.
However, the Commission said tariffs for small and medium-scale industries and hotels under the H1 and H2 categories would remain unchanged unless their electricity usage reaches exceptionally high levels.
