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Home Economy

Sigh of relief: NEPRA notifies Rs2.32 per unit cut in power tariff

by News Publishing
February 16, 2023
in Economy, New, News
Reading Time: 2 mins read
0
Sigh of relief: NEPRA notifies Rs2.32 per unit cut in power tariff
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The National Electric Power Regulatory Authority (NEPRA) on Thursday notified a reduction of Rs2.32 per unit for Ex-WAPDA distribution companies (XWDISCOs) consumers on account of fuel charges adjustment (FCA) for December 2022.

The news comes a day after the federal government launched a “petrol bomb” on the populace by raising the price of petrol by 22.20 rupees to Rs272 per litre. Meanwhile, the price of natural gas for consumers was substantially raised by up to 112%.

The inflation-weary citizens reeling from the effects of sky-high gas and oil prices will get some relief from the negative power tariff adjustment.

The NEPRA instructed all XWDiscos to indicate the adjustment individually in the consumer’s bills for February, according to a notification issued in this respect.

All consumer categories, with the exception of:

  • Lifelines consumers
  • Domestic consumers who consume up to 300 units
  • Agriculture consumers
  • Electric vehicle charging stations

It was also clearly stated that domestic consumers using Time of Use (ToU) metres, regardless of their usage level, are subject to negative adjustment on account of monthly FCA.

According to the units billed to consumers in December 2022, “the abovementioned adjustment will be disclosed individually in the consumers’ bills,” it stated.

Under the established laws and regulations of NEPRA and the government of Pakistan, the FCA is passed on to consumers based on changes in fuel prices around the world.

After closely examining the data for a month in which the fuel charges were recovered from the consumers, NEPRA approves the recommendation provided by the power distribution firms.

The electricity regulator had already announced a reduction of Rs10.8 per unit for K-Electric customers for the month of December 2022. This reduction will also be reflected in February 2023 customer bills.

Tags: cut in power tarifflatestNEPRAPakistan

News Publishing

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