NEPRA approves Rs 2.28 per unit cut in power tariff

ISLAMABAD, Mar 27 (APP):National Electric Power Regulatory Authority (NEPRA) on Tuesday approved Rs.2.28 per unit cut in lieu of fuel price adjustment formula for February.
The power regulator approved cut in power tariff during a public hearing presided over by chairman Brig (R) Tariq Saddozai here.
Central Power Purchase Agency Guarantee Limited (CPPA-G) in a petition to NEPRA has sought Rs2.19 per unit reduction in power tariff for the said month.
However, the regulator approved Rs.2.28 per unit cut in the tariff. An amount of Rs.15 billion relief would be given to consumers in billing of next month.
Domestic consumers of all public-run distribution companies except K-Electric will benefit from the reduction in the prices of electricity. However, the lifeline consumers and those consumers who were using less than 300 units would not benefit from the reduction.
In the petition, the CPPA-G said the actual cost remained at Rs5.06 /kWh against the reference fuel charges of Rs7.2603/kWh.
It said per unit cost of electricity production through coal was Rs5.81 kWh per unit and furnace oil Rs10.16 kWh per unit during the said month.
Similarly, the cost of nuclear electricity production was Rs1.07 per unit, gas Rs4.71 per unit, and RLNG Rs9.02 per unit while the power imported from Iran cost Rs11.05 per unit.