The National Electric Power Regulatory Authority (NEPRA) has approved a Rs. 0.81 increase in electricity tariff for power distribution companies.
The power tariff has been revised on account of fuel cost adjustment for the month of February. The power distribution companies will charge this hike in next month’s electricity bills. They will collect an additional Rs. 5.2 billion from the consumers.
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The Central Power Purchasing Agency (CPPA) had asked for a tariff hike of Rs. 1.23 per unit, as the fuel prices increased. February’s reference fuel cost was marked at Rs. 3.97 per unit.
In February, at least 22.7 percent of electricity was produced from hydel power while 17.47 percent came from coal, 22.7 percent from gas, and 16.80 percent from liquefied natural gas (LNG).
Notably, NEPRA had approved a power hike of Rs. 1.80 per unit in January for all the distribution companies for the same month.
The CPPA had then sought a price increase of Rs. 1.9382 per unit, arguing that the actual cost of electricity generation was Rs. 7.6959 per unit against the reference fuel price of Rs. 5.7576.
funny thing is country is producing surplus electricity and country is paying for that even without using that energy and they are hiking the price which will lower the demand further – what is this stupidity