On Wednesday the National Electric Power Regulatory Authority (NEPRA) approved a hike in the power tariff by 41 paisa.
During a public hearing session on the filed petition by the Central Power Purchasing Agency (CPPA) the decision of increasing the power tariff was taken. The hike would have a swelling load of nearly Rs3.8 billion on the consumers.
The authority announced the increase in tariff owing to the fuel adjustment charges for the month of October.
NEPRA chairman, in his comments, said that for the month of October the furnace oil usage was raised, leading to a hike in per unit power generation expenses. He further added that if instead of furnace oil, LNG or coal would have been used then the consumers would have earned some relief and the electricity rates would have decreased by Rs0.59 per unit.
The NEPRA chairman was of the opinion and he expressed that running the power plants on cheaper fuels could lead to providing relief and ease to the consumers.
The CPPA told the regulator that the electricity plants were not running on LNG owing to the fact that the fuel is not available abundantly.
To that, the NEPRA chairman said that the non-availability of the LNG was in no way a good justification and directed the CPPA to provide a written statement on the matter.