ISLAMABAD - Central Power Purchasing Agency (CPPA) has asked the National Electric Power Regulatory Authority to jack up power price by Rs1/unit on account of monthly fuel price adjustment of the month of December.

Well-informed sources aware of the development told that CPPA has submitted a plea with regulatory authority (Nepra) and sought power tariff hike. The regulator has set 16th January a date of hearing over the CPP application. The increase has been sought under a monthly fuel adjustment formula under which actual variations in cost of power supply are transferred to consumers.

“The requested power tariff increase because of high generation cost in December will not apply to consumers using less than 50 units per month,” a senior official at WAPDA said.

According to sources, the CPPA in its request pleaded to the regulator that cost of power generation with high-speed diesel (HSD) remained at Rs23.50/unit so Rs1/unit power tariff hike be approved for the use of power during December under the head monthly fuel price adjustment.

It is to note here that during November the Nepra had approved 73paisa/unit hike in the power tariff for distribution companies of Wapda and the power consumers paid it in monthly bills.