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NEPRA to Increase Electricity Price by Rs2.07 per Unit

NEPRA expect to approve another electricity hike of Rs2.07 per unit.

The additional fees will be included in the fuel charge adjustment (FCA) for July. The Central Power Purchasing Agency (CPPA) has been recommended by the power providers to increase the price of electricity by Rs2.07 per unit.

On August 30 (today), NEPRA will hear the petitions in this regard. According to the argument, the percentage of power produced in July by thermal resources was 37.18%, 14.68% by coal, 1.98% by furnace oil, and 1967% by liquefied natural gas (LNG).

Nuclear fuel generated 14.29% of the local power at a rate of 7.61%, producing 14.388 billion units of energy. While the reference cost was set at Rs6.89 per unit, the production cost was recorded as Rs8.96 per unit.

NEPRA approved raising the power rate by Rs5.40 per unit earlier this month. The increase was included in the July 2023 monthly Fuel Charges Adjustment (FCA).

In September 2023, consumers will be required to pay the extra fees. Customers of lifelines and K-Electric (K-E) customers, however, are not affected by the price increase.

In September 2023, distribution businesses applied for NEPRA’s permission to charge their customers an extra Rs2.07/unit. In July 2023, the monthly Fuel Charges Adjustment (FCA) is the subject of the request. The entire financial impact on energy consumers might be more than Rs30 billion if the proposed hike is approved.

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