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electricity prices
electricity prices
CrisisEconomyHeadlinesPakistan

Discos are requesting a big increase in electricity bills of Rs4.66 per unit for January.

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In Islamabad, compounding the challenges faced by already burdened electricity consumers, power distribution companies (Discos), excluding K-Electric, are reportedly seeking a increase in electricity bills, as per The News’s report on Wednesday.

The Discos are seeking approval from the National Electric Power Regulatory Authority (Nepra) to impose an additional charge of Rs4.6617 per unit on consumers for January 2024. This proposed increase is attributed to the fuel charges adjustment (FCA) for November 2023.

The Central Power Purchasing Agency (CPPA), acting on behalf of Discos, has submitted an application to Nepra to raise electricity prices under the November 2023 FCA.

Nepra has scheduled a public hearing on December 27 to assess the November FCA and has invited all interested or affected parties to submit written or oral objections as permitted by law.

According to the CPPA’s application, the total electricity generated in November was 7,547 gigawatt-hours (GWh) at a rate of Rs7.1704 per unit. The overall energy cost amounted to Rs54.113 billion.

Hydel power contributed 2,755 GWh (36.50%), incurring zero power generation costs. Coal-fired power plants produced 1,473 GWh (13.08%) with a total cost of Rs15 billion (Rs15.27/unit), combining local and imported coal sources (987 + 486 GWh).

Gas-based power plants generated 695 GWh (9.21%) at Rs14.6197 per unit, while Re-gasified Liquefied Natural Gas (RLNG) contributed 798 GWh (10.57%) at Rs23.7171 per unit.

In addition, power from bagasse amounted to 27 GWh at Rs6 per unit. Wind power recorded 148 GWh (1.96%), and solar power contributed 50 GWh (0.66%) of the total generation in November.

Nuclear power sources produced 1,572 GWh (20.83%) at Rs1.2071 per unit, while electricity imported from Iran accounted for 30 GWh (0.39%) at Rs27.7281 per unit. Data from CPPA-G submitted to Nepra indicates that the net electricity delivered to Discos in November was 7,288 GWh (96.57%) at a rate of Rs9.444 per unit, with a total cost of Rs68.834 billion.

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