The National Electric Power Regulatory Authority (Nepra) earlier today approved a Rs2.97 per unit cut in power tariff under the head monthly fuel price adjustment for the month of November.
The regulatory authority made this decision during a public hearing which was chaired by Tariq Sadozai, chairman of Nepra today. The regulator took this decision while hearing the plea of Central Power Purchasing Agency (CPPA), which has sought adjustments of variation incurred in the fuel cost for power generation last month.
Earlier, the CPPA, in its petition submitted with the regulator, sought Rs2.92 per unit reduction in power price on account of monthly fuel price adjustment. Also, the regulator by approving Rs2.97 per unit decrease in power prices approved Rs19 billion worth relief for all power consumers except K-Electric.
The CPPA pleaded that total 6.54 billion units of electricity were sold to electricity distribution companies (DISCOs) in the last month. Fuel cost on power generation recorded at Rs4.49 per unit, while reference fuel cost was set at Rs7.41 per unit.
