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November saw Rs2b cut in fuel cost: Nepra decreases power tariff by Rs1.73 per unit

byCustoms Today Report
22/01/2015
in Business
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ISLAMABAD – For the consumers of K-Electric of Karachi, the National Electric Power Regulatory Authority (Nepra) has notified Rs 1.73 per unit decrease in the power tariff,

On the condition of anonymity, an official said, “Rs 2 billion reduction in the fuel cost for power generation was recorded in November.” He added that NEPRA has issue a notification of decrease after holding a public hearing on January 6, 2015 to give approval on the request of K-Electric. The officials also said that domestic lifeline consumers, who use 50 units in a month, will not be get benefit from this decrease in power price.

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Nepra also directed the private power company to provide relief to its consumers in the monthly electricity bills by making adjustment. The citizens of Karachi would now get a relief in monthly electricity bills of March. The regulatory authority has approved and notified decrease in power prices under the head fuel price adjustment for the month of November 2014.

K-Electric had earlier sought from Nepra decrease in power price on account of fuel price adjustment. Nepra officials said that K-Electric had sold one billion, 21 crore and 69 lac unit of power to its consumers in November, adding that the fuel cost on power generation was registered low.

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