On Tuesday, the National Electric Power Regulatory Authority (NEPRA) has notified 89 paisa per unit increase in the electricity rates.
According to the details, the rates have been increased to generate about Rs 6.9 billion additional revenue.
NEPRA held a public hearing on February 25 on the Central Power Purchase Agency’s (CCPA) request for an increase in power.
The CCPA had requested an increase of 92 paisa per unit in electricity rates in the context of January’s monthly fuel charges adjustment. NEPRA then reserved the verdict after completing the hearing.
However, today NEPRA has approved an increase of 89 paisa per unit in the price of electricity. This will only apply to March bills, but not to K-Electric consumers.
It may be recalled that in the hearing held on February 25, NEPRA officials had said that running power plants outside the merit order had imposed an additional burden of Rs 3.90 billion on consumers.
The reason for the increase in the cost of power generation was the unavailability of gas.