NEA hiked Electricity Tariff by 20 %

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    KATHMANDU, JUN 29 –

    After 11 long years, the Electricity Tariff Fixation Commission (ETFC) has finally hiked electricity tariff by 20 percent on an average. The new tariff will be effective from the new fiscal year (July 16).

    “A meeting of the commission on Thursday took a decision to this effect,” Ganesh Prasad Subba, the chairman of the ETFC, an autonomous body, said.

    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.

    The Nepal Electricity Authority (NEA) has been lobbying for the hike so as to stabilise its financial condition by equalising the loss and profits. The state-power utility had demanded a hike of 30 percent.

    According to the NEA, the hike will also enable it to purchase power from independent power producers at a competitive rate, thereby attracting more investment.