The National Electric Power Regulatory Authority (Nepra) on Thursday approved an increase of Rs1.62 per unit in power tariff due to fuel adjustment costs for the second and third quarters of fiscal year (FY) 2019-20.
The consumers will have to bear a burden of Rs164.87 billion if the government approves Nepra’s tariff hike.
The decision was taken in light of requests filed by power distribution companies during FY 2019-20.
“The Authority has determined a uniform rate of Rs.1.6236/kWh with the instant decision, for the allowed amount of quarterly adjustments of Rs.73,065 million pertaining to the 2nd quarter and Rs.91,805 million for the 3rd Quarter of FY 2019-20 (total Rs.164,870 million), across each category of consumers of XWDISCOs, based on projected sales for the FY 2017-18, after excluding therefrom the sales to life line consumers, to be recovered in twelve (12) months period, starting from the date of its notification,” read a statement issued by Nepra.
“The Authority through its decisions regarding adjustment in tariff components for FY 2017-18 allowed PPP variations for the FY 2017-18, and under/over recovery of the allowed Distribution Margin for the FY 2016-17 and FY 2017-18. The same were intimated to the Federal Government for notification in the official Gazette,” it added.
The new increase would complete all price adjustments in the tariff required for 2018-19.
It is pertinent to mention here that in September Nepra had approved Rs0.86 per unit increase in power tariff on account of fuel cost adjustment of electricity.
The fuel adjustment charges for the month of July would be charged in the consumer bills next month.
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