Ex-WAPDA Distribution Companies (DISCOs) have sought an increase of Rs. 1.83 per unit in fuel cost adjustment (FCA) to collect an additional Rs. 30 billion from consumers in October.
According to a national daily, DISCOs have filed a petition through the Central Power Purchasing Agency (CPPA) with the National Electric Power Regulatory Authority (NEPRA) for the FCA hike.
The power regulator has accepted the petition and scheduled public hearings on 27 September to ascertain whether the proposed tariff hike is justified.
The CPPA stated on behalf of the distribution companies that in August, users were charged a reference fuel cost of Rs. 6.65 per unit, while the actual cost was Rs. 8.47 per unit, implying that an additional hike of Rs. 1.83 per unit was necessary. With NEPRA’s approval, the hike would be reflected in consumer bills in the October billing month.
This comes despite the base average tariff going up by roughly Rs. 7.5 per unit as of July 1. Another Rs. 5.40 per unit quarterly tariff adjustment (QTA) worth Rs. 146 billion is on the way, as the regulator has concluded the public hearing procedure and may prolong its recovery over six months at a rate of Rs. 3.55 per unit.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
What about the news of energy generation cost down by 18%? Govt should pass the relief to people already struggling to pay their electricity bills.