Good news for electricity consumers. NEPRA has reduced the unit price of electricity by 44 paise for the month of June 2021.
ISLAMABAD: The good news for electricity consumers is that the National Electric Power and Regulatory Authority NEPRA has reduced the per-unit price of electricity. According to details, the NEPRA has reduced the unit price of electricity by 44 paise. Consumers will get relief of more than Rs4.4 billion due to cheaper electricity. It is also proposed to conduct a specialized audit to improve the working of CPPA.
Chairman NEPRA said that load shedding occurs where the feeder losses are high. We have written not to do load shedding but the government has to do it. A monthly reporting system has been developed in collaboration with the Ministry on revolving loans. A monthly report on revolving credit is being prepared.
It may be recalled that CPPA had requested a reduction of 86 paise per unit. Due to clearing of previous arrears, consumers could not get relief of 43 paise more.
LNG shortages cost Rs 65.5 million, officials said. According to NEPRA officials, there was an abundance of LNG but it was not used. Less operation of better capacity plants resulted in an additional burden of Rs. 149.3 million. It may be recalled that on May 22, the Central Power Purchasing Agency had requested NEPRA to reduce electricity prices by 84 paise per unit. The petition said that the production cost of electricity was Rs 5.76 per unit in April while the pre-production cost of electricity in April was Rs 6.60 per unit.
NEPRA said that the request was made in the context of April’s fuel adjustment, NEPRA will decide on June 2 to reduce electricity. Earlier on May 7, NEPRA had approved a reduction of 64
paise per unit in the March monthly fuel charges adjustment and said that the reduction in electricity prices would be applicable only to May bills.