ISLAMABAD - National Electric Power Regulatory Authority (Nepra) has finally notified Re 0.74/unit hike in the power tariff of power distributing companies (Discos) on account of monthly fuel price variation mechanism, which would be collected from over-burdened power consumers in monthly bills of November. This increase in the tariff of Discos, owing to increase in the tariff was given due to hike in the price of furnace oil and high-speed diesel (HSD), has been made under the head monthly fuel price variation. The Central Power Purchasing Agency (CPPA) in a plea earlier submitted to the Nepra sought this increase in power price. However, this hike would not be applicable on the consumers of Karachi Electric Supply Company (KESC) and lifeline (domestic) consumers of electricity using less than 50 units in a month.

The regulatory authority (Nepra) after conducting public hearing on the request of CPPA had approved Rs 0.74/kwh hike while it has now issued notification to fleece the electricity consumers with additional bills under which Discos would collect extra Rs 5.50 billion from the over-burdened consumers in the monthly bills of November.

The CPPA, in its plea requesting the regulator (Nepra) to adjust variation in the power purchase price, was of the stand that earlier, the regulator had set Rs7.68/unit as Reference Fuel Cost for the month of April. However, the actual cost to Discos on account of fuel cost variation remained at Rs8.43/unit in the said month (April) so increase the power tariff of Discos. The CPPA also informed the regulator that the power distributing companies had sold out six billion and ten crores unit of electricity in the said span of time.