In September, hydroelectric power contributed 4,142.64 GWh which comprised 36.06% of the electricity generated in the country. PHOTO: FILE
In accordance with the tariff cut made by the National Electric Power Regulatory Authority (Nepra) during a public hearing on Monday, the fuel price adjustment will be reflected in the coming month’s electricity bills, which is expected to provide consumers with a relief of Rs24 billion.
The tariff cut will not cover K-Electric and agricultural consumers as well as those domestic consumers who consume less than 300 units per month.
Understanding the misconception of Pakistan’s petrol prices
The hearing was held following a petition filed by the Central Power Purchasing Agency (CPPA) in which it asked Nepra to slash the tariff by only Rs0.07 per unit and return excess payment to the consumers.
The fuel cost of electricity delivered to the distribution companies was estimated at Rs4.05 per unit in September against the reference price of Rs6.36 per unit. However, the CPPA requested the regulator to make outstanding adjustment of Rs2.17 per unit in the tariff, but the regulator turned down the request.
The energy generation in the country from all sources totalled 11,489.01 gigawatt-hours (GWh) in September costing Rs46.63 billion. The CPPA supplied 11,233.60 GWh to the distribution companies at a cost of Rs71.45 billion. Power companies, in turn, suffered a net loss of 247.29 GWh, accounting for 2.15% of the total energy supply.
In September, the hydroelectric power contributed 4,142.64 GWh, which comprised 36.06% of the electricity generated in the country.
Power companies produced 60.25 GWh (0.52%) by consuming high-speed diesel at a cost of Rs14.15 per unit. Liquefied natural gas (LNG)-based power production stood at 1,326.37 GWh (11.54%) costing Rs8.03 per unit.
Petrol price cut by Rs1.2 per litre, diesel by Rs1.6
Local gas supplies helped produce 1,882.79 GWh (16.39%) of electricity while furnace oil-fired power generation had a share of 2,328.48 GWh (20.27%). The cost of power production came in at Rs4.36 and Rs9.54 per unit from gas and furnace oil respectively.
The share of coal in power production was calculated at 4.80% with the generation of 551.18 GWh and per unit cost of Rs4.28. Nuclear electricity contributed 777.55 GWh (6.77%) to the total electricity production at a cost of Rs0.96 per unit.
Published in The Express Tribune, October 24th, 2017.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ