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Rs2.97/unit cut: Discos directed to pass on Rs19b relief in Jan 2015 bills

Rs2.97/unit cut: Discos directed to pass on Rs19b relief in Jan 2015 bills

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) notified all electricity distribution companies (Discos) to pass on relief to the tune of Rs19 billion to all power consumers, except that of K-Electric and lifeline, by slashing power tariff by Rs2.97 per unit in the electricity bills for January 2015.

The power tariff cut has been announced in the head of monthly fuel price adjustment.

According to the Nepra’s notification, all Discos are advised ensure Rs19 billion relief to consumers in monthly power bills for January 2015, as sought by the Central Power Purchasing Agency (CPPA) to adjust variations of fuel cost registered in November during power generation.

It is to be noted that the Nepra in a public hearing held on December 19, approved Rs2.97 per unit cut in power tariff on account of monthly fuel price adjustment for the month of November, which was sought by the CPPA.

According to Nepra’s notification, total 6.54 billion units of electricity were sold to the Discos in November. Fuel cost on power generation recorded at Rs4.49 per unit, while reference fuel cost for November was set at Rs7.41 per unit.