ISLAMABAD: The Central Power Purchasing Authority (CPPA) has asked the National Electric Power Regulatory Authority (NEPRA) to increase power price by Rs1.73 per unit on account of fuel price adjustment for the month of October 2019.
NEPRA is likely to take a decision regarding fuel price adjustment on 26th December 2019 at its headquarter.
Sources in the power sector said that if NEPRA approves the requested hike in power tariff, the consumers would face an additional burden of approximately Rs16 billion.
NEPRA, in a public notice, has invited all the interested/affected parties to raise written/oral objections, as permissible under the law, during the course of NEPRA’s public hearing regarding fuel price adjustment.
According to documents, 25.48pc electricity was produced from hydel sources; 24.62pc was generated from coal; 0.20pc from residual furnace oil; 12.17pc from natural gas; 25.41pc from re-gasified liquefied natural gas (RLNG); 9.23pc from nuclear power; 0.14pc from mixed sources; 0.06pc from bagasse; 0.64 from solar while 0.14pc electricity was imported from Iran to meet the energy needs during the month of October 2019.
As per CPPA, total energy generated in October stood at 9,572.06 gigawatts, while the energy delivered to power distributing companies (DISCOs) was 9,296.60GWh (97.12pc).
“Pursuant to section 31 (7) of the NEPRA Act (XL of 1997) and the mechanism for monthly fuel price adjustment prescribed by the authority in the tariff determinations of ex-WAPDA distribution companies, the authority may on monthly basis make adjustments in the approved tariff on account of any variations in the fuel charges and policy guidelines as the federal government may issue and notify the tariff so adjusted in the official gazette,” NEPRA stated.