The National Electric Power Regulatory Authority (Nepra) has finalized an increase in electricity rates by Rs1.25 per unit to generate approximately Rs46 billion in additional revenue for the ex-Wapda Distribution Companies (Discos) through quarterly tariff adjustments (QTAs) for the period of January to March.
The increase was requested by the Discos to cover capacity charges, transmission charges, market operator fees, the impact of transmission and distribution losses on fuel cost adjustments, and variable operation and maintenance charges for the third quarter of the current fiscal year.
Following a public hearing chaired by Nepra Chairman Tauseef H. Farooqui, the decision to allow the Discos to collect around Rs46.29 billion from consumers over the next three months was announced. The hearing was attended by Nepra’s technical member Rafique Ahmad Shaikh, licensing member Maqsood Anwar Khan, and law member Amina Ahmed.
Nepra determined an increase of Rs1.25 per unit for the quarter, but an official notification will be issued later after the verification of supporting evidence. Once approved, the adjustment will be applied uniformly to all consumers, except for lifeline consumers.
Of the total amount, consumers will be paying higher electricity rates to settle bills amounting to Rs31 billion for capacity charges owed to independent power producers (IPPs).
Latest posts by News Desk (see all)
- FBR asked to enhance efforts for Broadening Tax Net - May 27, 2023
- National Savings Rate for June-2023 - May 27, 2023
- Islamabad to get a new “Luxury Resort” - May 27, 2023
