The power sector regulator has slashed electricity tariff for consumers of Karachi Electric Supply Company (KESC) for July and August 2013 after considering the fuel cost for the company during the two months.
However, at the same time it has increased the tariff for September 2013 as the cost of fuel in power production rose past earlier estimates.
According to a notification, the National Electric Power Regulatory Authority (Nepra) reduced power tariff for KESC consumers by Rs0.03 per unit for July and Rs0.43 per unit for August on account of fuel price adjustment.
The consumers had used 1.42 billion units and 1.497 billion units in July and August respectively.
However, power price for September was increased by Rs0.39 per unit for the consumers, who had consumed 1.397 billion units in the month.
However, the tariff revisions, which will be made in February bills, will not apply to domestic consumers, who consume 50 units of electricity per month.
Last week, Nepra had increased tariffs for power distribution companies, except for KESC and Peshawar Electric Supply Company, by Rs1.01 per unit for December 2013 under the monthly fuel price adjustment mechanism.
The regulator took the decision during public hearing of a petition filed by the Central Power Purchasing Agency.
New tariffs for Mepco
In another decision, the regulator has set new tariffs for the consumers of Multan Electric Power Company (Mepco) for the ongoing fiscal year 2013-14, which will come into force following issuance of a notification by the Ministry of Water and Power.
However, no change has been made in the price for consumers of 50 units of electricity per month.
Nepra approved a tariff reduction of Rs0.50 per unit for consuming up to 100 units per month and an increase of Rs1.25 per unit for consuming 100 to 300 units per month.
It also gave approval for an increase of Rs0.25 per unit on consumption of 301 to 700 units per month and reduction of Rs0.50 per unit for consuming over 700 units per month.
The Ministry of Water and Power will decide whether to apply the new tariff rates to the consumers of Mepco.
Published in The Express Tribune, January 22nd, 2014.
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