The National Electric Power Regulatory Authority has approved a quarterly adjustment of Rs3.21 per unit of power for the period from April to June 2022. (NEPRA).
The most recent price rise on energy will result in an additional burden of Rs93.95 billion being placed on consumers. The Authority sent its judgement to the Federal Government for implementation on October 1, 2022.
According to specifications, the time frame for the preceding adjustments expired on September 3, 2022. Since the authority conducts new adjustments as soon as the previous adjustment expires, power users won’t see any relief as of October 1.
Due to a fuel cost adjustment (FCA) for August 2022, the NEPRA earlier in the day approved a reduction in power rates for K-Electric consumers of Rs4.89 per unit.
According to the notice, the fuel cost adjustment for K-Electric consumers would be decreased by Rs4.89 per unit rather than KE’s request for Rs4.21. It did, however, state that the July tariff reduction would only apply to that month.
The NEPRA asserts that the reduction in FCA would have an impact on all consumer groups, with the exception of lifeline consumers, house consumers consuming up to 300 units, agricultural consumers, and EVCS (Electric Vehicle Charging Station).