The National Electric Power Regulatory Authority (NEPRA) announced a Rs. 3.25 per unit increase in electricity prices on Saturday, as part of the quarterly fuel adjustment.
This hike will impact consumer bills for June, July, and August. The decision has been forwarded to the federal government for implementation.
Despite recent appeals to reduce the power cost burden on the population, NEPRA has proceeded with the increase. NEPRA’s quarterly tariff adjustments are reflected in power bills for three-month periods. For the second quarter of the current fiscal year (2023-24), an adjustment of Rs. 2.75 was included in bills for April, May, and June.
Power generation in the country decreased by 13.7 percent year-on-year (YoY) to 8,639 gigawatts per hour (GWh) in April 2024, and by 2.4 percent YoY to 101,089 GWh in the first ten months of FY24 compared to the same period last year.
However, on a month-on-month (MoM) basis, power generation increased by 7.7 percent from 8,023 GWh recorded in March 2024.
Meanwhile, the cost of fuel for power generation decreased by 10.1 percent YoY to an average of Rs. 9.21 per unit in April 2024. During April 2024, the actual power generation was 20.4 percent lower than the reference generation.
The major contributors to power generation in April 2024 were RLNG (25 percent), Hydel (24 percent), Nuclear (23.6 percent), and Gas (11.3 percent).
