Business

Power tariff raised by half a rupee

Lifeline consumers using up to 50 units per month and consumers of K-Electric will be exempted from the hike

Our Correspondent October 28, 2014

ISLAMABAD: A few days after the premier directed the government to maintain electricity prices at the current level, the National Electric Power Regulatory Authority (NEPRA) on Monday raised the power tariff by Rs0.52 per unit on account of fuel price adjustment for the month of September.

The increased tariff, which will be applicable to all power distribution companies, will be reflected in November 2014’s bills. However, lifeline consumers using up to 50 units per month and consumers of K-Electric will be exempted from the hike.

Nepra, which regulates the power sector, approved the increase in tariff for distribution companies in a public hearing held on Monday. The move comes following a request by the Central Power Purchasing Agency under fuel adjustment for September.

According to the petition filed by Central Power Purchasing Agency (CPPA), the reference fuel price for September was set at Rs6.2493 per unit but the actual price was higher at Rs6.7755 per unit.

Subsequently, it requested the power regulator to increase the power tariff by Rs0.52 per unit on account of fuel adjustment.

Published in The Express Tribune, October 28^th, 2014.