In a move that is set to impact millions of electricity consumers across the country, the government has announced the end of Rs. 50 billion subsidy on electricity, effective from the end of this month. Starting November 1, consumers will be required to pay electricity prices according to the newly set tariffs, marking a significant increase in costs for many households.

Under the new tariff structure, consumers using 100 units of electricity will see their per-unit cost rise to Rs. 23.59, while those consuming 200 units will Rs. 30 per unit. This change will also affect protected consumers, who will now receive electricity without any subsidy.

For consumers using up to 100 units, the tariff will jump from the current Rs. 3.95 to Rs. 11.69 per unit. Similarly, protected consumers using up to 200 units will experience an increase in their tariff from Rs. 4.10 to Rs. 14.16 per unit.

Lifeline consumers, who use up to 50 units monthly, will continue to pay a tariff of Rs. 3.95 per unit. However, the price for those using up to 100 units will remain steady at Rs. 7.74 per unit.

This decision follows a period from July to September during which the government provided a substantial subsidy of Rs. 50 billion to ease the financial burden on consumers. The basic electricity tariff had already been increased to Rs. 7.12 rupees per unit starting July 1.

The removal of the subsidy is expected to have widespread implications, potentially increasing the financial strain on households already grappling with rising living costs.