Introduction
Electricity is one of the most vital resources in modern life. Without it, life as we know it would be drastically different. Pakistan is a developing nation and is facing an energy crisis. This is due to an ever increasing demand for electricity and an inadequate supply. As a result of this, the price of electricity in Pakistan is increasing every year. In this article, we will look at the prices of electricity in Pakistan for 2020.
Price of 1 Unit of Electricity in Pakistan 2020
The price of 1 unit of electricity in Pakistan for 2020 is Rs.17.64. This price is higher than the previous year, due to the fact that the demand for electricity in the country is increasing, while the supply is not able to keep up. The government has increased the tariff to cope with the rising demand. Despite this, the cost of electricity in Pakistan is still much lower than in other countries.
Factors Affecting the Cost of Electricity in Pakistan
There are several factors that affect the cost of electricity in Pakistan. These include the cost of fuel, the cost of transmission lines, the cost of the electricity itself, the government’s policy of subsidies and the efficiency of the power plants. All of these factors contribute to the final cost of electricity.
Government Subsidies on Electricity
The government of Pakistan provides subsidies on electricity to households in order to lower the cost of electricity. This is done to ensure that households have access to affordable electricity. The government also provides subsidies to industries and businesses in order to encourage investment and job creation in the country.
Efficiency of Power Plants
The efficiency of power plants in Pakistan is another factor that affects the cost of electricity. The efficiency of power plants is determined by their design, the maintenance they receive, and the amount of energy they consume. The more efficient a power plant is, the lower the cost of electricity it produces.
Electricity Demand in Pakistan
The demand for electricity in Pakistan is increasing every year, due to the population growth and the increased use of electronic gadgets. As the demand increases, the price of electricity also increases. This is why the government has increased the electricity tariff in order to cope with the rising demand.
Conclusion
The cost of electricity in Pakistan for 2020 is Rs.17.64 per unit. This cost is higher than the previous year, due to the fact that the demand for electricity in the country is increasing, while the supply is not able to keep up. The government has increased the tariff to cope with the rising demand. Despite this, the cost of electricity in Pakistan is still much lower than in other countries.