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Discos seek massive Rs4.66 per unit hike in Jan power bills

Published

11 months ago

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  • Increase stems from fuel charges adjustment for Nov. 
  • CPPA applies with Nepra to raise electricity prices.
  • Nepra schedules public hearing on December 27.

ISLAMABAD: Adding to the woes of already-strained power consumers, the power distribution companies (Discos), excluding K-Electric, have sought a massive increase in the January 2024 bills, The News reported Wednesday.

The Discos are seeking approval from the National Electric Power Regulatory Authority (Nepra) to levy an extra Rs4.6617 per unit on consumers for January 2024. This sought-after increase stems from the fuel charges adjustment (FCA) for November 2023.

The Central Power Purchasing Agency (CPPA), on behalf of Discos, has applied with Nepra to raise electricity prices under the November 2023 FCA. 

Nepra has scheduled a public hearing on December 27 to review the November FCA and has invited all interested or affected parties to present written or oral objections as permitted by law. 

According to the CPPA’s application, the total electricity generated in November amounted to 7,547 gigawatt-hours (GWh), priced at Rs7.1704 per unit. The overall energy cost was Rs54.113 billion.

Hydel power contributed 2,755 GWh (36.50%), incurring zero power generation costs. Coal-fired power plants produced 1,473 GWh (13.08%), with a total cost of Rs15 billion (Rs15.27/unit), combining local and imported coal sources (987 + 486 GWh).

Gas-based power plants generated 695 GWh (9.21%) at Rs14.6197 per unit, while Re-gasified Liquefied Natural Gas (RLNG) contributed 798 GWh (10.57%) at Rs23.7171 per unit.

Additionally, power from bagasse amounted to 27 GWh at Rs6 per unit. Wind power recorded 148 GWh (1.96%), and solar power contributed 50 GWh (0.66%) of the total generation in November.

Nuclear power sources produced 1,572 GWh (20.83%) at Rs1.2071 per unit, while electricity imported from Iran accounted for 30 GWh (0.39%) at Rs27.7281 per unit. Data from CPPA-G submitted to Nepra indicates that the net electricity delivered to Discos in November was 7,288 GWh (96.57%) at a rate of Rs9.444 per unit, with a total cost of Rs68.834 billion.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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1 day ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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1 day ago

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Business

Discos report losses of Rs239 billion.

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When compared to the same period last year, the data indicates that discos have decreased their losses in the first quarter of the current fiscal year.

The distribution businesses recorded losses of Rs239 billion in the first three months of the current fiscal year, a substantial decrease from the Rs308 billion losses sustained during the same period the previous year.

Additionally, the distribution businesses’ rate of recovery has improved. It has increased to 91% in the first quarter of this year from 84% in the same period last year, indicating success in revenue collection.

Regarding circular debt, the Power division observed a notable change. Last year, between July and October, the circular debt grew by Rs301 billion. Nonetheless, this year’s first four months saw a relatively modest increase in circular debt, totaling about Rs11 billion.

These enhancements show promising developments in the electricity sector’s financial health in Pakistan, where initiatives are being made to accelerate recovery rates and slow the expansion of circular debt.

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