Home Latest NEPRA hikes power tariff by Rs4.34 per unit

NEPRA hikes power tariff by Rs4.34 per unit

3 min read

ISLAMABAD, Aug 31(ABC): The National Electric Power Regulatory Authority (Nepra) on Wednesday approved another increase in electricity tariff by Rs4.34 per unit on account of monthly fuel adjustment (MFA) for July 2022.

The power regulator held a public hearing to consider the monthly fuel adjustment (MFA). The Central Power Purchasing Agency-Guarantee had submitted an application for an increase in electricity tariff by Rs4.69 per unit, Nepra said.

The actual expenses of FCA in July was Rs10.98, while reference fuel expenses were Rs4.69. Due to the violation of the merit order, extra burden of Rs7 billion and 52 crore was imposed.

Similarly, they added, the shortage of LNG put an additional burden of over Rs6 billion on the NEPRA which they ultimately had to pass on to the consumers.

As per Nepra officials, extra burden of Rs7 billion and 59 crore will be imposed on the electricity users while the notification of the prices will be issued later.

Author

  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

Load More Related Articles
Load More By 
Load More In Latest

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Pricing agreement inked for uninterrupted water supply to Gwadar Free Zone

Islamabad, Nov. 13 (INP): In a major boost for Gwadar Free Zone, an agreement has been ink…