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Wednesday May 22, 2024

NEPRA approves Rs3.21 per unit hike in power tariff

Summary has been sent to federal government for final approval following NEPRA's nod

By Web Desk
October 14, 2022
The National Electric Power Regulatory Authority office. — The News/File
The National Electric Power Regulatory Authority office. — The News/File   

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday approved a hike in the power tariff by Rs3.21per unit, enabling Ex-WAPDA Discos (XWDISCOSs) to collect an additional Rs94 billion from consumers.

NEPRA increased power tariff on account of quarterly Fuel Charges Adjustment (FCA) for the last quarter of the fiscal year 2021-22 (April-June) due to excessive use of refined furnace oil (RFO), high-speed diesel (HSD) and liquefied natural gas (LNG) in power generation, according to a notification issued by the authority.

A summary has been sent to the federal government for final approval, following which the amount will be charged within a period of four months.

The hike will be applicable to all consumer categories except K-Electric consumers.

Moreover, the power regulator also notified a raise of Rs0.19188 per unit on account of fuel cost adjustment (FCA) for the month of August which would put an additional burden of Rs3 billion on consumers.

The increase will reflect in the electricity bills for October.

The hike will be applicable to all consumer categories except for lifeline consumers of all XWDISCOs and Electric Vehicle Charging Stations (EVCS).

The increased amount, under the FCA, charged on the basis of units billed in the month of August, will be separately shown in the bills of October.

NEPRA slashes power tariff by Rs 4.88 for KE

Meanwhile, NEPRA approved to reduce per unit cost of electricity by Rs4.8862 of K-Electric on account of fuel adjustment for August, providing relief of over Rs8 billion.

This new tariff will be charged from October bills and will apply to all consumers except the lifeline consumers, domestic consumers consuming up-to 300 units, agricultural consumers and EVCS.