Friday, March 24, 2023

NEPRA approves a further increase in electricity price

As a result of periodic changes in the tariff, the National Electric Power Regulatory Authority (Nepra) has given its approval for an increase in the price of electricity of Rs1.55 per unit. This increase is effective for the second quarter of the current fiscal year.

The power regulating body has also distributed a notification in this regard, which can be seen here. As a result of the revision to the tariffs, power distribution companies will recoup Rs39 billion from the end-users of their services.

Nepra stated that it had made the decision to implement the same with effect from the 1st of July 2022 and that it would be recovered within three months from the date of notification.

The power regulatory authority stated that customers who rely on lifelines and those who receive their electricity from K-Electric will be exempt from the increase in the price of their electricity due to the new tariff.

An additional fuel cost adjustment (FCA) of Rs9.52 per unit was granted by the National Electric Power Regulatory Authority (NEPRA) the day before for K-Electric (KE) customers to use during the month of May.

Read Also: Cooking oil and ghee prices expected to decrease by Rs100 to 150 per kg

K-Electric had reportedly asked for a fuel cost adjustment of Rs11.34 per kilowatt-hour, as stated in a notification that was distributed by the electricity regulating authority.

On July 4, Nepra held a public hearing about the petition that KE had made for an adjustment to the fuel prices that would take effect in May 2022. The price hike will apply to all customer categories, with the exception of those who need KE lifeline services.

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