Fuel adjustment: More hike in electricity price likely

By: News Desk      Published: 10:47 PM, 21 Oct, 2020
Fuel adjustment: More hike in electricity price likely

The Central Power Purchasing Agency (CPPA) has made a request to the National Electric Power Regulatory Authority (Nepra) for raising electricity tariff by Rs1.36 per unit in fuel adjustment head for the month of September. 

Consumers will have to bear with an additional burden of Rs53.56 billion if Nepra accepted the request on October 29. 

The reason for the raise is being cited as generation from diesel and furnace oil, although Nepra banned both these costlier sources of power production.

The per-unit cost of diesel and furnace oil-based production is Rs18.72 and Rs12.44 respectively. Consumers will have to bear with an additional burden of Rs53.56 billion.

Last month, Nepra approved an increase of Rs1.62 per unit in power tariff due to fuel adjustment costs for the second and third quarters of the fiscal year, making consumers bear a burden of Rs164.87 billion.