NEPRA approves price hike of Rs3.99 per unit
The National Electric Power Regulatory Authority (Nepra) approved on Tuesday a Rs3.99 per unit hike in electricity tariff on account of fuel cost adjustment for April 2022.
The Fuel Cost Adjustment (FCA) for April 2022 will be charged with the bill of June 2022, which will be paid by all consumer categories of distribution companies, except for lifeline and K-Electric consumers, according to a notification.
NEPRA Chairman Tauseef H. Farooqi presided over the hearing at the NEPRA headquarters on the requests of XWDISCOs for adjustment of monthly fuel charges for April in which the electricity distribution companies requested an increase of Rs4.5 per unit.
On this, the NEPRA chairman said that the consumer is important for us who are suffering from expensive fuel.
A statement issued by NEPRA on the completion of the hearing said that CPPA had requested an increase of Rs4.5. Earlier, FCA customers were charged Rs2.86 per unit in March. In April, FCA customers will be charged Rs 1.13 per unit more than in March.
According to the NEPRA statement, at the request of XWDISCOs, an increase of Rs3.99 has been approved.
NEPRA said the authority will issue its detailed decision after further scrutiny of the data.
The increase in the price of electricity would impose an additional burden of Rs55 billion on the consumers and these collections would be made in the coming months.