The power sector’s regulatory body has allowed an increase in the electricity price of Rs7.5 per kilowatt hour (kWh) under the heading FCA of January 2024, according to a statement from NEPRA. Power users will be responsible for paying this increase in power tariff in March 2024.
All customer groups will be affected by the increase, with the exception of K-Electric’s lifeline and power consumers (KE). The already beleaguered power users would bear an extra burden of Rs66 billion due to the increase in electricity tariffs.
The Central Power Purchasing Agency (CPPA) asked the National Electric Power Regulatory Authority (Nepra) to increase the electricity pricing by Rs 7.13/unit due to FPA, which led to earlier reports that the power price will increase.
The CPPA filed the petition with the NEPRA, claiming that hydropower plants accounted for 11.12% of all electricity output in January, coal-fired plants for 16.51%, natural gas plants for 12.45%, and nuclear plants for 20.78%.
Prior to this, the monthly fuel adjustment (MFA) caused the National Electric Power Regulatory Authority (NEPRA) to raise the power cost by Rs5.63 per unit.
Following the conclusion of the NEPRA hearing on the Central Power Purchasing Agency’s (CPPA) appeal for a fuel monthly adjustment that will increase the power rate by Rs5.63 per unit for December 2023, the verdict was made public.
