Electricity likely to become more expensive; preparation to increase price by Rs 2.56 per unit

National Electric Power Regulatory Authority (NEPRA) will hear CPPA's request on October 29

Islamabad: Electricity is likely to become more expensive in country, for which government is preparing to increase price by Rs 2.56 per unit.

Central Power Purchasing Agency (CPPA) has formally requested NEPRA to increase electricity price by Rs 2.56 per unit under monthly fuel price adjustment.

According to details released by National Electric Power Regulatory Authority (NEPRA), this request of CPPA will be heard on October 29.

In this regard officials have shown average fuel cost of electricity in month of September as Rs 10.02 per unit, while its estimate was Rs 7.46.

According to details given in request, total cost of electricity production during September reached Rs 127.87 billion. During this, Rs 7.95 billion from local coal, Rs 37.14 billion from imported coal, while Rs 13.26 billion and Rs 11.81 billion were spent on use of diesel and furnace oil respectively.

According to data of CPPA, cost of generating electricity from local gas was Rs 13.89 billion and production through LNG cost Rs 31.93 billion.

According to Central Power Purchasing Agency, during September total 12.76 billion units of electricity were sold to consumers by power distribution companies (DISCOs).