• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Pakistan

Rs3 Per Unit Cut in Power Tariff Likely

ToP by ToP
January 15, 2015
in Pakistan
0
nepra
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Consumers are expected to get a relief of about Rs3 per unit in power tariff next month for braving extensive loadshedding last month. 

[contentblock id=1 img=adsense.png]

Sources in the water and power ministry said the Central Power Purchasing Agency would file a tariff petition on behalf of all distribution companies (except K-Electric) in a couple of days seeking lower fuel price adjustment (FPA) for electricity consumed in December last year.

nepra

The relief will be available in the billing month of February after approval by the National Electric Power Regulatory Authority. The sources said Nepra had approved reference fuel tariff for December at about Rs7.5 per unit last year when furnace oil prices were in the range of Rs75,000 per ton which have now come down by a little over Rs40,000 per ton. On top of that, the power sector’s reliance on furnace oil dropped significantly due to limited supplies arising out of inability of the Pakistan State Oil to import fuel as banks cancelled credit lines because of huge receivables. The water and power ministry, therefore, followed a policy of increased loadshedding to benefit from winters. As a consequence, many power plants remained idle and monthly fuel price component dropped by about Rs3 per unit. The sources said the government might absorb about 21 paisa per unit as equalisation surcharge, instead of passing on full impact of fuel price reduction to consumers. The final benefit to consumers in fuel price adjustment was likely to be brought down to about Rs2.80 per unit for the billing month of February, they said.

[contentblock id=2 img=gcb.png]

Nepra had approved Rs2.97 per unit reduction in the fuel price adjustment for the month of November 2014, but the government imposed an equalisation surcharge of 60 paisa per unit and passed on to consumers only Rs2.36 per unit. Last week, the Economic Coordination Committee of the cabinet formally approved permanently including three equalisation surcharges of up to Rs2.40 per unit along with additional system losses in the consumer tariff with an estimated financial impact of about Rs75 billion to deliver on commitments made with the International Monetary Fund. According to Finance Minister Ishaq Dar, talks for the sixth review of the IMF programme are tentatively scheduled for the last week of this month in Dubai. The ECC had also approved issuing policy guidelines on transmission and distribution losses of the public sector power companies to Nepra. Over the last couple of years, Nepra gradually scaled down the quantum of system losses for inclusion in the consumer tariff from 18 per cent to 13.5pc in line with pre-determined targets.

[contentblock id=3 img=adsense.png]

Last year, the government had asked Nepra to allow 18pc, instead of 13.5pc, system losses in consumer tariff having a financial impact of about Rs30bn a year. The regulator declined to oblige, saying it could not overturn its own determinations made after a proper process of public hearing unless any fresh information or data was brought up for consideration. One per cent system losses are officially calculated at Rs6bn. Nepra said that not only its own rules and laws but the Supreme Court decisions also did not allow passing on to consumers the imprudent costs of electricity arising out of continuous failure of the power companies and the government to cut down inefficiencies. -dawn

Tags: business newslatest newsPower tariff
Previous Post

Two More Convicts Hanged in Lahore and Karachi

Next Post

95 Banned Groups Activea in Punjab

ToP

ToP

Related Posts

Multiple killed, dozens injured in Peshawar Police Line mosque blast
Pakistan

Multiple killed, dozens injured in Peshawar Police Line mosque blast

by Top
January 30, 2023
Foreign exchange: SBP reserves go down by $75mn in a week
Pakistan

Pakistani rupee slips further against the US dollar

by wasif
January 17, 2023
Talks with India not possible until revocation of J&K’s status: PM Office
Pakistan

Talks with India not possible until revocation of J&K’s status: PM Office

by Top
January 17, 2023
Andre Emilio Suiting
Entertainment

Modernizing the Art of Bespoke Tailoring

by wasif
January 17, 2023
No case of Omicron variant BF.7 detected so far in Pakistan: NIH
Pakistan

No case of Omicron variant BF.7 detected so far in Pakistan: NIH

by Top
January 3, 2023
President, PM grieved over loss of security personnel in Bannu operation
Pakistan

President, PM grieved over loss of security personnel in Bannu operation

by Top
January 2, 2023
New Gas Reserves Discovered In D.I.Khan
Pakistan

New Gas Reserves Discovered In D.I.Khan

by Top
December 27, 2022
Next Post
Pakistan Interior Minister

95 Banned Groups Activea in Punjab

Popular Stories

  • Top 10 Fastest Sprinters Ever

    Top 10 Fastest Sprinters Ever

    0 shares
    Share 0 Tweet 0
  • Cow Gets Stuck on roof in Switzerland

    0 shares
    Share 0 Tweet 0
  • Andrea Riseborough flaunts her cleavage in black gown at the red carpet of Independent Film Awards

    0 shares
    Share 0 Tweet 0
  • 9 Exotic Cat Breeds You May Have Never Seen Before

    0 shares
    Share 0 Tweet 0
  • Multiple killed, dozens injured in Peshawar Police Line mosque blast

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In