Electricity price expected to drop

Central Power Purchasing Agency has filed a request NEPRA for a reduction in the electricity price.

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The Central Power Purchasing Agency (CPPA) has filed a request with the National Electric Power Regulatory Authority (NEPRA) for a reduction in the electricity price per unit under the monthly fuel price adjustment for December.

Following the CPPA’s petition, there is a possibility of a decrease of Rs 1.03 per unit in electricity prices for the month.

The hearing for this request is scheduled for January 30.

In the petition, CPPA mentioned that 7.516 billion units of electricity were supplied to Distribution Companies (DISCOs) in December, with the fuel cost of electricity being Rs 9.60 per unit, while the estimated cost was Rs 10.63 per unit.

The petition also highlighted that in December, 22.80% of the electricity generation came from hydropower, 10.06% from local coal, 1.59% from imported coal, and 0.03% from furnace oil.

Additionally, 12.31% of electricity was generated from local gas, 20.70% from LNG, and 26.48% from nuclear sources.