For the month of July, exclusively, the National Electric Power Regulatory Authority (NEPRA) has approved an increase in electricity rates of Rs. 4.34 per unit. The NEPRA officials stated that the rate hike would be announced later.
NEPRA held a hearing to decide the distribution firms’ (Discos’) monthly fuel adjustment fees for July.
Engineer Tauseef H. Farooqui, Chairman NEPRA, and Engineers Rafeeq Ahmed Sheikh and Maqsood Anwer Khan, NEPRA members, presided over the hearing.
The Central Power Purchasing Agency (CPPA-G) had submitted a petition under the heading of Fuel Charge Adjustment asking for an increase of Rs. 4.69 per unit (FCA).
Officials from NEPRA said at the hearing that the increase should be Rs. 4.34 per unit based on an initial analysis of the data. The FCA for July has been reduced by Rs. 5.55 per unit for consumers, the chair continued, and the increase of Rs. 9.90 per unit in June was just temporary.
Except for lifeline and K-Electric customers, NEPRA mandated that this would likewise be applied for a month and apply to all Discos customers.
The chair decided that NEPRA will further analyse the facts and render a thorough decision. Read More