Wednesday, February 1, 2023

NEPRA expected to increase power tariff by Rs5.95 per unit

According to a press release issued on Monday, the National Electric Power Regulatory Authority (NEPRA) has deferred its decision on a petition filed by the Central Power Purchasing Agency (CPPA) seeking a raise in power tariff under the fuel adjustment mechanism.

The Central Power Purchasing Agency (CPPA) had requested an increase of Rs6.10 for the month of January 2022 under the monthly fuel adjustment.

In response to the hearing, the NEPRA stated that, based on preliminary verification of the data, the power tariff can be increased by Rs5.95 per unit, compared to the demand of Rs6.10 per unit.

According to the regulator, Rs3.10 per unit was levied in December under the Fuel Charges Adjustment (FCA), while Rs2.85 per unit was charged in January under the same scheme.

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According to the Central Power Purchasing Agency (CPPA), electricity was produced from wind energy at a cost of Rs2.22 per unit, hydropower at a cost of Rs5.83 per unit, diesel at a cost of Rs6.73 per unit, liquefied natural gas (LNG) at a cost of Rs7.12 per unit, furnace oil at a cost of Rs14.07 per unit, local gas at a cost of Rs14.37 per unit, nuclear power at a cost of Rs14.37

Detailed verification of the data will be carried out by the National Electric Power Regulatory Authority (NEPRA) before a final decision is reached.

The energy ministry of Pakistan recently increased electricity costs by Rs1.95 per unit, claiming that the increase was necessary due to a large circular debt owed to past governments.

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