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ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has agreed a decision to rise the power tariff once again.
As per NEPRA’s decision, power tariff was amplified by 50 paise per unit. The approval was given by NEPRA for the third quarter of the financial year 2021-22.
Rendering to the decision, the upsurge will levy an additional burden of Rs12.76 billion on the electricity consumers, the increase will come into influence for three months from September 1.
The increase will not be pertinent to the lifeline and K-Electric customers. NEPRA sent the decision to the federal government for its announcement.
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It should be noted that Nepra had approved an rise of Rs9.79 per unit of electricity. The increase in the power tariff escalation was approved in terms of monthly adjustment of last financial year.
In Nepra, CPPA held a hearing concerning the fuel adjustment for June, in which the increase was approved.
On July 28, the authority higher the power tariff for K-Electric consumers by Rs11.37, an Rs0.01 less than demanded by the power utility.
The approval was given in terms of fuel adjustment charges for June 2022 and the upsurge will not be applicable for lifeline consumers.
The K-Electric has required a hike in power tariff by Rs11.38 and although justifying it one of its spokespersons said that it was for a month in terms of FAC and was as per the NEPRA rules. The power utility responsible the hike in prices of furnace oil in international markets by 42 per cent from March to June 2022 late the increase.
“The RLNG prices also rose by 50 from March to June,” a spokesman for the K-Electric said.