ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday approved an increase of Rs1.826 per unit to power consumers on account of monthly fuel adjustment following electricity generation produced through expensive furnace oil.
In a statement, the authority said Rs 0.5462 has been deducted on account of Residual Fuel Oil (RFO). The impact will be Rs24 billion.
The adjustments will be passed on consumers in the billing month of December.
Last week, the Central Power Purchasing Agency (CPPA) on behalf of the power distributing companies (Discos) asked Nepra to increase the electricity price by Rs2.97 per unit on account of fuel price adjustment. The reference price was Rs2.84 per unit against the actual price of Rs5.8 per unit.
The electricity consumers were expected to face an additional Rs25 billion following hike in power tariff to be billed in November. Around 13.62 billion units of electricity were produced at a cost of Rs70 billion during September.
Out of the total power generation, 37.09% electricity was generated from hydel sources, 16.39% coal, 6% residual fuel oil (RFO), 5.50% nuclear sources, 1.10% wind sources, 0.45pc% solar, 11.85% gas and 21.06% imported Liquefied Natural Gas (LNG).
(This news/article originally appeared in The Express Tribune on November 5th, 2019)