• Says purchase price increased by half since FY2022 and 250pc since FY2016
• Blames rupee devaluation for hike despite near same fuel prices

ISLAMABAD: The price of electricity is expected to increase by one-fourth over the next eight years, according to a power division forecast, after a 50per cent increase in the past three years due to massive currency devaluation.

The average tariff is projected at Rs29.70 per unit by 2034, up by Rs5.70 from the existing rate of Rs24, said the power division in a working paper shared with stakeholders in the last week of July.

The report said the increase in tariffs over the last three years can largely be attributed to the rupee’s depreciation which led to “second round effects of inflation and a contractionary monetary policy that further escalated overall tariff”.

The average power purchase rates increased by almost 50pc from Rs16.77 per unit to Rs24.88 between FY2022 and 2025.

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