The National Electric Power Regulatory Authority (NEPRA) hinted on Wednesday at raising electricity rates by Rs4.34 per unit for all distribution companies (DISCOs) except K-Electric, despite the Lahore High Court’s Rawalpindi bench barring the authorities concerned from collecting fuel price adjustment (FPA) charges a day earlier.
In another application, NEPRA has indicated that power tariffs for K-Electric customers will be reduced by Rs4.10 per unit due to FPA.
NEPRA said in a statement that the power regulator held a public hearing at its headquarters on FPA for the month of July 2022 for distribution companies.
NEPRA Chairman Tauseef Farooqui presided over the public hearing. Other members in attendance included engineers Rafiq Ahmad Shaikh and Maqsood Anwar Khan.
On behalf of power distribution companies (DISCOs), the Central Power Purchasing Agency, Guarantee Limited (CPPA-G) requested an increase of Rs4.69 per unit under FPA for the month of July.
According to preliminary data, the increase amounts to Rs4.34 per unit, as observed by NEPRA during the public hearing.
Customers were previously charged Rs9.90 per unit for FPA for the month of June.
NEPRA added that it was only valid for one month.
Consumers will be charged Rs5.55 per unit less for FPA in July compared to June, according to NEPRA, who added that the reduction will only be in effect for one month.
NEPRA added that this would apply to all DISCO customers except lifeline customers.
After further examination of the data, the authority will issue its detailed decision.
During the month of July, the cost of producing electricity increased.
Coal-based electricity cost Rs20.21 per unit, high-speed diesel (HSD) Rs27.8 per unit, residual fuel oil (RFO) Rs35.6 per unit, indigenous gas Rs9.9 per unit, regasified liquefied natural gas (RLNG) Rs28.2 per unit, nuclear-based power Rs1.04 per unit, and imported from Iran cost Rs22.8 per unit.