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HomeBusinessEconomyElectricity cost would likely rise by Rs4.5 per unit

Electricity cost would likely rise by Rs4.5 per unit

The National Electric Power Regulatory Authority (NEPRA) will consider a petition on May 31 to increase electricity prices in connection with the April monthly fuel adjustment with respect to electricity cost of production. It is expected that the price of electricity will climb to Rs4.5

For the month of April, the Central Power Purchasing Agency (CPPA) has requested a price rise due to a fuel price adjustment.

According to estimates, the petition will place a Rs59.45 billion burden on the people.

According to the CPPA, water generated 18.55 percent of electricity in April, followed by coal (16.74 percent) and furnace oil (12.07 percent). In April, the cost of power generated from furnace oil ranged from Rs28 to Rs19 per unit, compared to 9.85 percent for domestic gas and 19.42 percent for imported LNG. Nuclear power generated 17.37 percent of the electricity, while wind power generated 3.59 percent. Hence major impact on electricity cost can be attributed to furnace oil and LNG prices.

Electricity and lifeline subscribers will not be affected by the hike.

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