Nepra may raise power tariff by Rs 1.12/unit today

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Nepra may raise power tariff by Rs 1.12/unit today

ISLAMABAD- The inflation-stricken masses already bearing very high per unit price of electricity would get another blow today (Wednesday), following an expected Rs 1.12/unit hike in power tariff on account of fuel cost variation, official sources said on Tuesday.

Following one per cent increase in the general sales tax (GST), agonies of the common man already bearing the brunt of unscheduled power outages intensified. A ‘tsunami’ of inflation in the prices of essential commodities, coupled with hike in the prices of petroleum products, has already made lives of the masses miserable. In these circumstances, monthly fuel price adjustment in power tariff would add a lot to their miseries. 

The sources said the National Electric Power Regulatory Authority (Nepra) is likely to approve Rs1.12/unit hike in power tariff today (Wednesday) on account of fuel cost variation, which was sought by Central Power-Purchasing Agency (CPPA).

The Central Power Purchasing Agency (CPPA) had requested the regulatory authority (Nepra) to increase the per unit price of electricity under the head of fuel cost variation. This variation was registered owing to generation of electricity from diesel and furnace oil last month.

As per the CPPA recommendation, power generation from diesel remained at Rs20.80/unit while from furnace oil the per unit power generation cost was found at Rs16/unit and stood at Rs5.21/unit from gas fuel. And per unit cost of electricity generation from hydel power was Rs0.08/unit during the outgoing month of May 2013.

Shockingly, 90 million units of electricity went down the drain on account of line losses and power theft while 7.3 billion units of power were generated against the generation capacity of 56 billion units in last May. Sources also told this scribe that the CPPA had proposed the regulator to jack up the per unit price of electricity by Rs1.12/unit due to variation registered in the cost of power generation and the Nepra is set to hear the CPPA petition today (Wednesday) in a public hearing. “Nepra’s public hearing of the CPPA petition is scheduled on Wednesday and the likely Rs1.12/unit hike will add to the miseries of the common man,” an official said.

Courtesy:  Nation

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