Home Pakistan NEPRA jacks up power tariff by Rs4.34 per unit

NEPRA jacks up power tariff by Rs4.34 per unit

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ISLAMABAD, Sep 13(ABC): The National Electric Power Regulatory Authority (Nepra) on Monday indicated another increase in the electricity tariff of the XWDISCOs by Rs4.34 per unit on account of fuel cost adjustment (FCA) for July 2022.

The power regulator held a public hearing on August 31 to consider the monthly FCA — a system by which the price of electricity is adjusted as fuel prices fluctuate.

The Central Power Purchasing Agency-Guarantee had submitted an application for an increase of Rs4.69 per unit, Nepra said. According to the preliminary examination of the data, Nepra had worked out an increase of Rs4.3435 per unit.

Earlier in June, the power distribution companies had charged Rs9.90 per unit on account of fuel adjustment, which was for one month only. The distribution companies would charge Rs5.56 per unit less than June in September bills under the FCA. This will also apply for only one month.

This will apply to all Discos’ customers except lifeline consumers. However, the K-Electric consumers will be exempted. The Rs4.34 increase will put a burden of over Rs69 billion on consumers, including GST.

It is worth mentioning that people raised concerns earlier this month after receiving inflated bills for the month of August, which included hefty amounts under the FCA.

However, following massive protests that broke out across Pakistan over inflated bills, Prime Minister Shehbaz Sharif directed authorities concerned to waive off FCA amounts from the bills of people who have consumed less than or equal to 300 units.

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  • 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.

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