NEPRA slashes power tariff by 9 paisa per unit

The National Electric Power Regulatory Authority (NEPRA) approved a reduction in power tariff by 9 paisa per unit here on Tuesday.

According to a notification issued, NEPRA approved a decrease of 9 paisa per unit in the price of electricity, following public hearing of an application submitted by the Central Power Purchasing Company (CPPC) which had sought an increase of 6 paisa in electricity prices under fuel adjustment mechanism for the month of June.

The tariff revision will provide a relief of Rs1.1 billion to power consumers.

However, this will not be applicable on K-Electric, agricultural and lifeline consumers.

Earlier, NEPRA approved an increase of 81 paisa per unit in electricity tariff on account of fuel cost adjustment for February 2019.

The regulator allowed the increase of Rs0.81 per unit against the demand for Rs1.23 per unit. The decision had an impact of around Rs5.2 billion on electricity consumers.

In its petition, the CPPA-G had sought an increase of Rs1.23 per unit in the electricity tariff due to a hike in fuel prices.

It pointed out that it had charged consumers a reference tariff of Rs3.9710 per unit in February while the actual fuel cost turned out to be much higher and hence it should be allowed a tariff hike of Rs1.2304 per unit.