Nepra slashes Rs2.23/unit in power tariff

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday approved Rs2.23/unit reduction in power tariff for June under the monthly fuel adjustment mechanism.

The regulator approved the Rs2.23/unit reduction in the power tariff during a public hearing after reviewing all facts and figures.

In a petition, Central Power Purchase Agency (CPPA) sought Rs2.23/unit reduction in power tariff for June. The consumer would get accumulative Rs25 billion relief which would be given in the next month’s bill.

The reduction would not be applicable to the domestic consumers using less than 300 units/month, K-Electric, and agriculture consumers.

The CPPA submitted to Nepra that some 11.210GWh were supplied to the distribution companies in June costing Rs52.627 billion. In its petition, the CPPA submitted to the regulator that it had charged a reference tariff of Rs6.828/unit while the actual fuel cost remained at Rs4.69/unit during the said period.

Hydro generation remained at 30.46 percent, gas at 18.43 percent, coal at 5.69 percent, imported RLNG at 12.28 percent, furnace oil at 22.34 percent, and nuclear at 5.74 percent.