The National Electric Power Regulatory Authority (Nepra) charged consumers on Tuesday an additional Rs4.74 per unit fuel cost for electricity consumed in October, allowing discoms to earn an additional Rs60 billion in revenue in December.
In a public hearing presided over by Nepra Chairman Tauseef H. Farooqui, the Central Power Purchasing Agency (CPPA) requested that Discos should be allowed to charge consumers an additional Rs4.75 per unit to raise Rs61 billion next month.
The Nepra case officers pointed out that Rs1.77bn of the additional burden was due to violations of economic merit orders, and Rs1.69bn was due to LNG shortages. A CPPA representative explained that in October, power companies demanded 700 million cubic feet per day of LNG, but total supplies stood at 606mmcfd.
Due to the outage of coal-based power plants, including Hub Power, for over six months, NEPA officials report that furnace oil-based generation was higher. This compares to just 0.2 percent at the October reference price.
Originally published in Dawn