Updated on
Summary
The National Electric Power Regulatory Authority (NEPRA) has approved an increase of about Rs 0.36 to Rs 0.42 per unit (Kwh) on the basis of fuel expenditure of power companies. The increase has been sought under the monthly fuel adjustment formula. The tariff would be implemented immediately. Sources in NEPRA said the generation cost of Jamshoro Power Generation Company had significantly increased because of its higher reliance on diesel instead of natural gas or furnace oil. Besides fuel-based tariff hike, the government has already made a commitment to the International Monetary Fund and the World Bank to raise overall electricity rates by another six per cent from April 1. The IMF program requires the government to revise base electricity tariff on a quarterly basis to recover actual cost of service over and above the monthly fuel-based tariff adjustment to cover the fuel cost.
