The National Electric Power Regulatory Authority (NEPRA) has increased the power tariff by Rs1.49 per unit for consumers, a private media outlet reported.
Power distribution companies will recover Rs189.6 billion following the hike over a period of 15 months. The distribution companies had requested the power sector regulator to allow recovery of Rs318 billion by raising the tariff by Rs2 per unit.
These companies filed tariff adjustment requests on account of variation in the power purchase price, including the impact of transmission and distribution losses, for the first and second quarters – Jul-Sept 2018 and Oct-Dec 2018 – of the fiscal year 2018-19.
The Central Power Purchasing Agency (CPPA) asked NEPRA to allow energy firms recovery of Rs117.078 billion, which included Rs83.15 billion in the capacity purchase price, for Jul-Sept 2018 and Rs201.8 billion, including Rs82.5 billion in the capacity purchase price, for Oct-Dec 2018.
