ISLAMABAD, Feb 19 ( Alliance News) The Central Power Purchasing Agency (CPPA) has requested the National Power Regulatory Authority (NEPRA) to increase the price of electricity by Rs6.10 per unit in terms of monthly fuel adjustment.
The CPPA has demanded an increase in tariffs for electricity distribution companies on the additional cost of fuel used in January.
NEPRA will hold an online hearing on February 28 on the request to increase the price of electricity.
According to the CPPA, 512.94 gigawatts or 5.83 per cent of electricity was generated from hydel sources in January, while 33.15 per cent or 2,916.70 gigawatts of electricity was generated from coal.
According to the CPPA’s application, in January, 6.73 per cent electricity was generated from diesel and 14.07 per cent from furnace oil, while 14.37 per cent electricity was generated from gas and 7.12 per cent from LNG.
In addition, 14.37% of electricity was generated from nuclear fuel.
According to the request, the cost of electricity generated from various sources in January was Rs. 6.1060 per kWh higher than the reference fuel charges.
It should be noted that NEPRA had also increased the price of electricity by Rs 3.9 per unit in the context of monthly fuel adjustment in December.
In a notification, the regulator had said that the new electricity tariff would not apply to consumers of electric and lifeline.
The statement said that raising the price of electricity by Rs 3.9 paise would impose an additional burden of Rs 26.40 billion on the consumers.
The CPPA had requested to increase the price of electricity by Rs 3.12 per unit in the context of the December fuel adjustment.
NEPRA had reserved its decision on February 1 after hearing the CPPA’s application, which was issued on February 12.
A statement issued by NEPRA said that the new electricity tariff would be applied for one month, with additional collection in February bills.
It may be recalled that even before this, NEPRA had increased the price of electricity by Rs 4.30 per unit for one month in the context of November’s monthly fuel adjustment.