Rs2.56 per unit power price hike proposed for September fuel adjustment

The Central Power Purchasing Agency (CPPA) has asked the National Electric Power Regulatory Authority (Nepra) to boost power rates by Rs2.56 per unit in the monthly fuel price adjustment for September.

Nepra has fixed hearing on the request of CPPA on 29th October.

The CPPA’s petition said the average fuel cost of electricity generation was estimated at Rs7.46 per unit for September, which went up to Rs10.02 per unit during the month.

The application said that the cost of generation from local coal was Rs7.95 billion and from imported coal was Rs37.14 billion.

Rs13.26 billion was spent on fuel and Rs11.81 billion on furnace oil for power generation in September, the agency said.

It said that Rs13.89 billion was spent on power generating through local gas while Rs31.93 billion was spent on electricity generation through liquefied natural gas (LNG).

The CPPA stated the overall fuel cost of electricity generation was Rs127.87 billion in September.

The petition also said that the power distribution firms (Discos) sold 12.76 billion units of electricity throughout the month.

The scheduled hearing will be held to review the proposed increase by Nepra. The proposed increase has not yet been approved.