The National Electric Power Regulatory Authority (NEPRA) has approved an increase in the electricity prices. The approved hike by NEPRA is of Rs0.57 per unit.
The officials informed that the surge has been approved for adjusting the fuel charges for the month of December 2018. As per the reports the hike in power prices would be placing a burden of Rs4.2billion on the consumers.
The officials added that the power price would not be applicable on the power consumers of K-Electric as well as the ones who do not use 300 units or less than 300 in a month.
NEPRA officials mentioned that if the power plant had been operated on the Liquefied Natural Gas (LNG) Rs5.10billion could be saved. They said that the increase in electricity price for the month of December is majorly because of the suspension of LNG to the plants from the 6th until the 30th of December.
The officials of the Central Power Purchasing Agency (CPPA) informed that it is not possible to operate the plants on Liquefied natural gas because of the absence of commodities. They added that the trains that carry coal experience regular delays while the delays experienced at the clearance ports was also among the many reasons of electricity prices surge.
Previously, on the 14th of November, NEPRA approved a surge of Rs0.41 per unit in electricity tariff. NEPRA took the decision in a public hearing session on a petition filed by the CPPA. The surge had placed a cumulative load of nearly Rs3.8billion on the consumers.