In the wake of a recent agreement with the IMF, electricity prices have experienced a relentless surge, with rates reaching an approximate 52 rupees per unit. The month of August exacerbated the situation, burdening consumers with an additional 15 rupees per unit.
The escalation in electricity prices parallels the upward trajectory of petrol prices, compounding the financial strain on the public. As fuel costs adjusted, the resultant impact on electricity charges has thrust the cost per unit to a staggering 52 rupees.
August’s billing cycle inflicted an extra blow on consumers, tacking on up to 15 rupees per unit. Following a 7.5-rupee per unit increase on July 1st, incomplete collection efforts followed by a dual-month billing cycle in August.
In tandem with these developments, a fuel price realignment of 1.81 rupees per unit has set in motion, concurrently fulfilling fractional tax obligations on electricity. Cumulatively, the past year has witnessed an enormous transfer of burden amounting to 1.5 trillion rupees onto electricity consumers.
Shifting focus, Karachi’s municipal corporation has encountered its own challenges in the face of escalating electricity bills. A novel strategy to alleviate the financial strain involves the installation of solar-powered street lights across 106 prominent roads within the city. By opting for solar street lights, the municipal corporation aims to curtail monthly expenses by a substantial 100 million rupees.
Incorporating sustainable technology, the municipal corporation’s innovative plan addresses both financial constraints and environmental considerations. The proposed installment of solar street lights along Karachi’s central road network, accounting for 150 lakh rupees monthly, showcases a proactive step towards a more energy-efficient and cost-effective future.