HIMALAYAN NEWS SERVICE
KATHMANDU: The new electricity tariff has come to effect from today. It was decided that the electricity tariff which was hiked last month would become effective from the new fiscal year.
According to Ganesh Subba, the chairperson at Electricity Tariff Fixation Commission, the hiked price will be effective for the consumption of electricity from today, while the billing with the new rate will start from the next month.
Consumers will now have to pay at least 20 per cent more.
The amount they will have to pay will depend on the level of consumption. However, there will be no hike for those consuming up to 20 units of electricity a month. The current power tariff is Rs 7 per unit.
Those using up to 20 units per month will have to pay a minimum of Rs 80 while those using up to 50 units have to pay Rs 7.30 per unit.
As per the new price list, those using up to 150 units will have to pay Rs 8.60 per unit, those using up to 250 units Rs 9.50 and those using above 250 units Rs 11.
The hike in the tariff will add Rs 4 billion per year to the state-owned power utility’s treasury. However, it is only half the amount that NEA had been demanding.
Nepal Electricity Authority (NEA) expects to address its deteriorating financial condition by equalising loss and profit.
NEA had demanded a hike of 30 percent. The last time the government had hiked electricity tariff was in 2001.