ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved Rs 3.24 per unit reduction in power tariff under the monthly fuel price adjustment formula.
The Central Purchasing Power Agency (CPPA) last month requested the NEPRA to reduce the electricity price owing to reduction in prices of furnace oil and high-speed diesel in the international market.
The consumers of all distribution companies except K-Electric and lifeline consumers using less than 50 units would get relief in March.
The decision was taken after a public hearing on a petition filed by Central Power Purchase Agency (CPPA) on behalf of the distribution companies.
The total impact of lower fuel price adjustment is estimated at Rs 21.6 billion for December which included Rs16.8 billion on account of reduction in furnace oil price and Rs4.8 billion on account of better energy mix and gas price.
The NEPRA was apprised that 6.57 billion units were sold to the distribution companies during December 2014.
The diesel-based power generation cost stood at Rs19 per unit, furnace oil-based at Rs12.38, gas-based at Rs3.57, nuclear at Rs1.18 per unit and imported energy from Iran at Rs10.20 per unit, resulting in the saving of Rs21.6 billion during December.
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