NEPRA on Monday raised the power tariff for K-Electric consumers by Rs9.66 per unit after the power utility sought an increase in power tariff by Rs11.34 per unit, ARY NEWS reported.
The demand came during the National Electric Power Regulatory Authority hearing for fuel adjustment charges for May.
During the hearing, chairman NEPRA said that the LNG prices were hiked by 50 percent and furnace oil by 38 percent and asked if common people will suffer from its consequences.
“The PPL contracts defaulted during May,” the power utility claimed.
After taking into consideration the demand from K-Electric, the Nepra hiked the tariff by Rs9.66 per unit in terms of fuel adjustment charges for the month of May.
“K-Electric has to collect Rs380 billion,” the representative of the power utility said. As chairman Nepra assured to help the power company in getting cheap electricity, “We are ready to take up the issue with the federal and provincial governments,” the Nepra chief said.
It is important to note that the National Electric Power Regulatory Authority (NEPRA) has already set the power tariff at Rs24.82 per unit for the fiscal year of 2022-23, following a significant increase of Rs7.91 per unit.
On June 24, the National Electric Power Regulatory Authority (NEPRA) approved an increase in electricity rates for K-electric consumers by Rs5.27 per unit.
As stated in a handout released by the power regulatory, the K-Electric company had requested an increase in power rates by Rs5.31 as fuel adjustment charges for April; however, the recent authority-approved hike, the new per-unit cost for K-electricity consumers will be Rs5.25.
The power utility, in its FCA adjustment request, told the regulator that its dispatches are as per economic merit order (EMO) from its own generating units (with the available fuel resources) and import from external sources.