The National Electric Power Regulatory Authority (NEPRA) has raised electricity prices by Rs. 1.82 per unit.
The increase is due to fuel price adjustment for September 2019.
The Central Power Purchasing Agency (CPPA) suggested an increase of Rs. 2.97 per unit. However, NEPRA decided against it, announcing an increase of Rs. 1.82 per unit.
A few days back, at the public hearing for the monthly fuel price adjustment, CPPA advised NEPRA to increase the electricity tariffs. NEPRA postponed the decision due to a lack of economic data available for the power stations.
NEPRA Chairman Tauseef Farooqi chaired the hearing.
Electricity consumers will be paying an additional Rs. 24 billion after this adjustment. The new tariff will be applicable for the month of November.
K-Electric consumers will remain unaffected by NEPRA’s decision.
Representatives of CPPA briefed NEPRA officials that if the supply of furnace oil is discontinued, different parts of the country will experience additional load shedding.
Via: Business Recorder