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Business & Finance

Electricity generation cost falls 11% year-on-year in March

  • Power generation in the country witnesses significant increase of 12.7% on a monthly basis
Published April 26, 2023

The total cost of generating electricity in the country witnessed a slight increase of 2.6%, clocking in at Rs8.22 KWh in March 2023 compared to Rs8.01 KWh registered in the month of February.

However, on a year-on-year (YoY) basis, electricity generation cost declined by nearly 11%.

“On a YoY basis, the decrease in fuel cost is witnessed mainly due to a rise in nuclear, hydel, and solar-based generation along with a 30% YoY decline in coal-based cost of generation,” said Arif Habib Limited (AHL) in a note on Wednesday.

“On a MoM basis, the rise in fuel cost is triggered by a decline in hydel-based generation,” it added.

Meanwhile, total power generation in the country witnessed a significant increase of 12.7% on a monthly basis to 8,741 GWh (11,749 MW) in March 2023, compared to 7,756 GWh in February. On a yearly basis, it fell 16.1%, down from to 10,418 GWh in March 2022.

Electricity generation dips 4% in February as economic slowdown continues

When looking at the first nine months of the 2022-23 financial year, power generation decreased by 8% YoY to 93,582 GWh (14,231 MW) compared to 101,699 GWh a year prior.

Moreover, the cost of power generation during the first nine months of the ongoing fiscal year was up 15.2%, from Rs7.94 in 9MFY22 to Rs9.14 in 9MFY23.

Data on generation mix revealed that electricity generation decline on a yearly basis was led by coal 1,334 GWh, and Residual Fuel Oil (RFO) 41 GWh, which decreased by 48.4% and 96.3%, respectively.

Power generation from hydel and nuclear sources stood at 2,002 GWh each respectively, showing an increase of 17.5% and 28%, respectively, on a yearly basis.

In March, nuclear and hydel emerged as the leading sources of power generation, accounting for 46% of the generation mix combined.

Moreover, electricity generation from renewable sources including solar improved by 61.1% on a yearly basis to 111 GWh, while generation from other renewable sources such as wind declined by 17.4% on a yearly basis to 221 GWh.

Comments

Comments are closed.

Parvez Apr 26, 2023 11:40am
If that is so...why is my electricity bill increasing monthly despite my consumption reducing ?
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client Apr 26, 2023 12:28pm
@Parvez, because of the IMF conditions
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Muhammad Kashif Apr 26, 2023 01:08pm
But people of Pakistan are paying high cost of electricity.
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Shahbaz Ali Apr 26, 2023 01:44pm
Overall electricity production has reduced to low consumption(high bills) and better weather. RLNG price is also going down which should contain any large increases in electricity tariff. Hopefully this summer bills will not be as shocking than the last one...
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Tulukan Mairandi Apr 26, 2023 03:02pm
That's illusionary. A lot of the cost are not being booked as power generation cost to hoodwink IMF and investors.
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Muhammad Zubair Apr 26, 2023 03:39pm
No one ever made accountable for payment of unutilized capacity. The decision makers did serve to their own pockets not to nation. How long we will continue to pay for their sins. All they share blood of nation and generation to come.
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Ahmad Apr 26, 2023 05:26pm
Very interesting and encouraging. The real issue is idle capacity payments to IPPs.
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Az_Iz Apr 26, 2023 05:57pm
The rupee has depreciated a lot in one year. So this performance is much better than what it appears to be.
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Az_Iz Apr 26, 2023 05:58pm
Thar coal is producing the cheapest electricity. That also is contributing to lower costs.
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Awami Apr 27, 2023 02:05am
A good news in gloomy business sentiments.
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KhanRA Apr 27, 2023 02:13am
Finally one piece of good news - but no thanks to Ishaq Dar.
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KhanRA Apr 27, 2023 02:14am
@Shahbaz Ali, not true. Power production has INCREASED. Were there “demand destruction” from high prices, production would decrease.
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