Staff Report
ISLAMABAD: Power consumers are likely to get a 12-paisa tariff cut in term of the fuel cost adjustment for May after the hearing of the National Electric Power Regulatory Authority (NEPRA).
According to details unveiled on Friday, NEPRA will conduct the hearing on June 29 following the petition filed for tariff reduction for Discos on the account of fuel cost adjustment.
The Central Power Purchasing Agency (CPPA) stated that 13 billion units of electricity had been generated in May while the reference fuel cost remained at an average price of Rs5.93 per unit and production cost stood at Rs5.70 per unit.
Earlier in the day, NEPRA announced to hike peak power tariff for industrial consumers.
The details shared by the regulatory body stated that the peak tariff for industrial consumers was extended until June 30, 2022, and it would be applicable to all power distribution companies including K-Electric.
The federal government, however, aimed at facilitating the industrial units, will provide an additional subsidy to fill the gap of the hike in power tariff. The NEPRA also rejected a proposal from K-Electric and energy ministry regarding hiking power prices on their own.
On June 15, NEPRA had deferred a decision on a petition filed by the K-Electric seeking a hike in electricity tariff for its consumers.
