The National Electric Power Regulatory Authority (NEPRA) will hold a hearing on a petition on May 31 to raise electricity prices in conjunction with April’s monthly fuel adjustment. The price of power is projected to rise by Rs4.5, reports ARY.
The Central Power Purchasing Agency (CPPA) has requested an increase in the power price due to a fuel adjustment for the month of April. The final decision on the rate hike will be taken by the authority after the hearing.
According to reports, the petition will overburden the masses by Rs59.45 billion.
According to the CPPA, in April, 18.55% of electricity was generated from water, 16.74% from coal and 12.07% from furnace oil. The cost per unit of electricity generated from furnace oil was Rs28 to 19 per unit, 9.85% from domestic gas and 19.42% from imported LNG in April. 17.37% of electricity was generated from nuclear fuel and 3.59% from wind.
The increase will not apply to electricity and lifeline customers.
