Power tariff likely to go down by 27 paisas per unit

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ISLAMABAD: The power tariff is likely to be decreased by 27 paisas per unit, as the National Electric Power Regulatory Authority (NEPRA) accords its approval today (Tuesday) on account of monthly fuel price adjustment in a public hearing.
Well-placed official sources told Daily Times that a sigh of relief to the power consumers is expected today in the form of decrease in power price by 27paisa/unit. The regulatory authority (NEPRA) under the fuel price adjustment for the month of February would approve this cut in power tariff, which was sought by the central power purchasing agency (CPPA) under a monthly fuel price adjustment mechanism. And, lifeline consumers use 50 units in a month would not benefit with this cut in power price besides power consumers of K-Electric formerly known as Karachi Electric Supply Company (KESC), they added.
“Taking pity over the economic health of burdened power consumers already facing skyrocketing power tariff for a long time coupled with hours long power outages, the power sector regulatory authority may approve cut in power price during its today’s scheduled public hearing over to protect the interests of power consumers,” a senior official at CPPA said. NEPRA’s public hearing on a power tariff petition is scheduled under the acting chairman Khawaja Muhammad Naeem. During the course of hearing, the CPPA would advocate that actual fuel cost over the generation of per unit of power remained at Rs 7.58 during February while the reference fuel cost for the month was set at Rs7.84/unit. In this way, total 5billion and 86crore and 80lakh unit of power sold while total fuel cost was registered at Rs 44billion and 49crore for the entire month of February.
The sources also told that power generation with high speed diesel (HSD) remained zero during the said month while cost of per unit of power with coal was at Rs4.49, Furnace oil at Rs15.96, natural gas at Rs4.33, nuclear at Rs1.32, and fuel cost on Iranian electricity remained at Rs10.55/unit. NEPRA had jacked up power tariff by Rs2.24/unit on account of fuel price adjustment of the month of January 2014.

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