BusinessNEPRA Increases Power Price by Rs3.99 Per Unit

NEPRA Increases Power Price by Rs3.99 Per Unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Monday Increases power price by Rs3.99 per unit in the country, ARY NEWS reported.

According to an announcement issued by the NEPRA, the surge made under fuel adjustment charges (FAC) for the month of April, following demand from CPPAG for a climb of Rs4.05 per unit.

It said that the NEPRA held a public hearing on the FCA on 31 May 2022.

The FCA for March charged at Rs2.86 per unit and the fuel adjustment charges for April are greater than the former month by Rs1.13 per unit.

“The increase of Rs3.99 only applicable for June bills,” it said and added that it charged from all consumers of DISCOS excluding life-line consumers while it will also not be pertinent for K-Electric users.

It is appropriate to reference here that the National Electric Power Regulatory Authority (NEPRA) has already static the power price at Rs24.82 per unit for the fiscal year of 2022-23 after a huge hike of Rs7.91 per unit.

With the new hike, the one-unit price of electrifying has gone up from Rs16.91 to Rs24.82.  The reduction of the rupee and rising oil prices in the international market cited as explanations for the electricity price hike.

According to the declaration, Nepra has fixed the national average tariff for the financial year 2022-23 at Rs24.82 per unit, which is Rs7.91 per unit higher than the preceding average tariff.

The declaration further said that the authority controls the new tariff based on the distribution and transmission losses and in terms of revenue of different distribution companies. The NEPRA in its press release said that the assessed cost of capacity cost comprising NTDC and HVDC is Rs1366 billion.

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