Fuel price adjustment: Nepra issues notification for increase in power tariff by Rs2.24/unit

This adjustment for January will be reflected in the consumer bills of March.

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) issued a notification regarding the increase in electricity tariff by a hefty Rs2.24 per unit, Express News reported on Tuesday.

On March 13, Nepra had allowed power distribution companies to increase the electricity tariff on account of fuel price adjustment for January.

What was interesting to note was that the Central Power Purchasing Agency (CPPA) had sought a tariff increase of Rs2.19 per unit, but the regulator had increased the price by Rs2.24 per unit.

The CPPA had told Nepra that actual fuel cost for power generation jumped to Rs11.77 per unit against reference price of Rs9.58 for January. It had pleaded that power companies should be allowed to increase the tariff by Rs2.19 per unit to recover the additional cost.

Lifeline consumers who consume up to 50 units per month and consumers of K-Electric, formerly Karachi Electric Supply Company, would not be affected by the tariff revision.

The higher tariff will be reflected in the consumer bills of March.