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NEPRA Announces Rs. 4.9 per unit Increase in Electricity Prices

The National Electric Power Regulatory Authority (NEPRA) has declared a significant increase in electricity prices, citing fuel adjustment for ex-Wapda distribution companies (DISCOs). The adjustment, amounting to Rs. 4.9213 per kilowatt-hour (kWh), will be reflected separately in consumers’ bills for February 2024, as reported by a leading national daily.

NEPRA Announces Rs. 4.9 per unit Increase in Electricity Prices

The decision comes after the Central Power Purchasing Agency (CPPA-G) proposed a slightly higher increase of Rs. 4.9917 per unit. The variance was attributed to operational costs, particularly the utilization of re-gasified liquefied natural gas (RLNG).

Before implementing the tariff hike, NEPRA took note of a concerning -12.2 percent actual generation growth alongside a continuous decline in national electricity demand. Overall demand until February 2024 experienced a staggering 12 percent reduction, indicating a potential rise in quarterly adjustments and tariff increments.

NEPRA has directed the CPPA-G and the Energy Ministry to analyze the impact of lifting commercial-based load-shedding on demand. Furthermore, they’ve urged an evaluation of reducing capacity charges to mitigate the burden on consumers.

During NEPRA hearings, concerns were raised regarding the substantial fuel price adjustments, particularly the financial strain imposed on consumers due to RLNG generation. In response, the National Transmission and Despatch Company (NTDC) clarified that RLNG-based operation was essential for ensuring system stability and preventing national blackouts.

NTDC also reported provisional transmission and distribution losses, including those incurred by the Matiari-Lahore Transmission Line Company (PMLTC), which were deemed higher than anticipated and are subject to yearly adjustments.

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The decision by NEPRA is expected to have significant implications for consumers and stakeholders across the energy sector. Stay tuned for further developments on this matter.

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