NEPRA, the power sector regulator, has approved a cut of 31 paisas/unit for its revised electricity tariffs.
The National Electric Power Regulatory Authority (Nepra) approved the tariff reduction after hearing a petition filed by the Central Power Purchasing Agency.
The power sector’s regulator conducted a hearing on a petition filed by Central Power Purchasing Agency which sought a reduction in power tariff under the head of monthly fuel adjustment charges for the month of November.
The Central Power Purchasing Agency (CPPA) in its petition said that electricity production cost remained at Rs 4.71 per unit in November and that consumers were supplied electricity at the rate of Rs 5 per unit.
The CPPA further stated that 20.04% electricity has been generated from local gas supplies and 17.23% generated from imported LNG.
NEPRA, while accepting the petition, approved the reduction in electricity tariff by 31 paisas per unit. The relief will be passed onto power consumers across the country, with the exception of those served by K-Electric, from next month.
The aggregated relief, up to the tune of Rs 2 billion, will be passed on to the consumers. The reduction in power tariff will be made under fuel adjustment surcharge for the month of November.