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Thursday April 25, 2024

Nepra hikes tariff by Rs3.99 for April

This increase in the power tariff will not be applicable to the consumers of K-Electric and lifeline consumers

By News Desk
June 01, 2022
Nepra hikes tariff by Rs3.99 for April. Photo: The News/File
Nepra hikes tariff by Rs3.99 for April. Photo: The News/File

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday increased electricity price by Rs3.99 per unit on account of fuel charges adjustment (FCA) for the month of April 2022.

Nepra has scrutinised Rs3.99 per unit hike in the power tariff under the head FCA of April, 2022 which will cause an additional burden of approximately Rs51 billion if it is passed on to the power consumers of power distribution companies (DISCOS). However, this increase in the power tariff will not be applicable to the consumers of K-Electric and lifeline consumers, local media reported.

On Tuesday, Nepra held a hearing over the application of the Central Power Purchasing Agency (CPPA) under the NEPRA chairman Tauseef H. Farooqi where Nepra’s members Rafique Ahmed Shaikh and Maqsood Anwar were in attendance.

Earlier, CPPA on behalf of all DISCOs except the K-Electric, had earlier requested Nepra to jack up power tariff by Rs4.5 per unit and stated that total 13.55 billion units of electricity were generated in April with different fuels at production cost of Rs10.66 per kWh while the reference cost for April 2022 was set at Rs6.60 per unit.

According to the CPPA, electricity generated with hydel source was 18.55 percent, coal 16.74 percent, furnace oil 12.07 percent, gas 9.85 percent, Re-gasified Liquefied Natural Gas (RLNG) 19.42 percent, nuclear 17.37 percent, wind 3.59 percent, baggasse 0.82 percent and solar 0.67 percent in the said month of April 2022.

It is pertinent to mention that NEPRA will issue its final decision and notification regarding FCA of April for the consumers of DISCOs except the K-Electric after detailed scrutiny of the necessary data.