NEPRA increases the electricity price by Rs1.16 per unit – Research Snipers

NEPRA increases the electricity price by Rs1.16 per unit

power tariff

According to the notice issued by the National Electric Power Regulatory Authority (NEPRA), there is an increase of Rs1.16 per unit has been proposed amid a petition filed by the Central Power Purchasing Agency (CPPA), the agency, however, proposed an increase of Rs1.50 per unit.

The proposed increase was approved under fuel price adjustment for the month of August and it will be implemented to all power distributors except K-Electric.

Economic Coordination Committee (ECC) earlier refused to hike the electricity prices in Tuesday meeting chaired by Finance Minister Asad Umar, the ECC directed NEPRA and power division to chalk out better plans rather than just hiking the electricity prices. ECC urged NEPRA to come up with plans that could maximize the recovery, overcome distribution constraints and transmission losses along with improvement in service delivery.

The Ministry of Energy in the following meeting with Finance Minister directed the power division not to stress the poor with price hike decisions. However, the decision to increase electricity prices came on the directions of regulator NEPRA.

The new government was also not willing to increase gas prices earlier, but the increase followed after few ECC meetings indicating the only solution to relief the state-owned gas companies.