ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a reduction of 86 paise per unit in power tariff under the monthly fuel cost adjustment (FCA) mechanism for August.
According to a notification issued on Thursday, the Central Power Procurement Agency (CPPA) has sought a reduction of 57 paise per unit in the tariff for the said period.
The regulator held a public hearing on the CPPA’s petition on September 26. It also said that the regulator has reduced 37 paise per unit in FCA for the month of July.
The FCA for August will be 49 paise lower compared to July and the exemption will be given to consumers in October.
She added that those consumers who have already received their electricity bills will be compensated in their November bill.
The exemption will apply to all consumers except Lifeline, prepaid and electric vehicle charging stations. This will not apply to K-Electric consumers.
Earlier in October, News It was reported that former Wapda distribution companies (XWDiscos) had proposed a refund of Re0.7057 per unit to consumers in November 2024 bills after higher duties imposed the previous month.
The Consumer Protection Authority had petitioned NEPRA on behalf of these companies to finalize the monthly fuel price adjustment (FCA) for September.
This development comes at a time when the current government has targeted Rs 8-10 per unit cut in power tariff after cancellation of contracts by five independent power producers (IPPs).
With the government expecting to save Rs411 billion to the national exchequer, Energy Minister (Energy Department) Owais Leghari had earlier said that they would reduce power tariffs in mutual consultation with power generating companies.
The minister’s announcement came at a time when the burden of high electricity tariffs falls disproportionately on middle- and low-income segments of society, fueling popular anger and eroding confidence in the government’s ability to manage the economy.