NEPRA approved Power tariff increase by Rs1.25 per unit

ISLAMABAD: The National Electric Power Regularity Authority (NEPRA) has approved to increase power tariff by Rs1.25 per unit.

A summary is provided to NEPRA by the Central Power Purchasing Company (CPPA) for increase in power tariff, and they had approved it.

The reason behind the approval of increase in power tariff is based on fuel price modification for the month of May but this increase will cost a burden of Rs 15 billion to consumers.

A hearing of the case of fuel price adjustment of May was held in NEPRA on Wednesday.

NEPRA was briefed during the hearing that the cost of reference fuel remained Rs 5.29 in May while electricity was produced at the cost of Rs12.47 per unit.

It was further told in the briefing that more than 19 percent electricity was generated from costly furnace oil.

Petition was filed seeking increase in the power tariff by Rs1.32 per unit however NEPRA has only approved to increase the power tariff by Rs1.25 per unit.