Power Price Likely To Go Up By Rs4.69 Per Unit

The price of electricity is likely to go up once again as the Central Power Purchasing Agency (CPPA) has filed an application with NEPRA seeking power tariff increase by PKR4.69 per unit, it was learnt on Sunday.

According to the details, CPPA on behalf of power distribution companies (DISCOs) except K-Electric has asked the National Electric Power Regulatory Authority (NEPRA) to approve Rs4.6954 per kilowatt hour (kWh) under FCA of July.

NEPRA will conduct a hearing in this regard on August 31. Once approved, the increase will put an additional burden of over PKR65 billion on consumers.

The CPPA has submitted that the total electricity generated with various fuels in the month of July was recorded at 14,150.91 GWh, at a basket price of PKR10.7093 per unit. The total cost of energy was PKR151.546 billion.

The power generation with hydel source was 4,976.93 GWh constituting 35.15% while power production with coal-fired power plants was 1,802.19 GWh which was 12.74% of total generation at a price of PKR20.2176 and power production with high speed diesel (HSD) was recorded at 205.97 GWh, which was 1.46% of the total power generation, at a cost of over PKR27.8886 per unit in the month of July 2022.

Similarly, power generation with RFO was 876.92 GWh, 6.20% of total generation, was calculated at PKR35.6984 per unit, while the generation from gas-based power plants was 1,466.41 GWh, 14.603% of the total generation, totaling PKR9.9585 per unit and the generation from RLNG was 2,119.55 GWh, which was 14.98% of total generation, at PKR28.2899 per unit.

Likewise, power generation from mixed sources was 16.92 GWh at a price of PKR4.7567 per unit, generation from bagasse recorded at 40.63 GWh, the price of which has been calculated at PKR5.9822 per unit. The electricity generated from wind was recorded at 518.50 GWh, 3.66% of total generation and solar at 70.77 GWh, 0.50% of the total generation in July.

Moreover, electricity generation from nuclear sources was 2,009.54 GWh which came out at PKR1.0493 per unit, 14.20% of the total generation, and electricity imported from Iran was 46.57GWh that amounted to PKR22.8380 in the said month.   

Profit also learnt from data submitted by the CCPA-G with NEPRA that net electricity delivered to Discos in July 2022 was 13,760.32 GWh at a rate of PKR10.9833 per unit, total price of which was PKR151.133 billion.

The CPPA-G in its tariff adjustment request advocated that the reference fuel charges for July 2022 were fixed at PKR6.2879 per unit while the actual fuel charges were recorded at PKR10.9833 per unit. So an increase of PKR4.6954 per unit in the power tariff should be made for the month under FCA mechanism.

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