Islamabad June 20 2022: Based on the information provided by Central Power Purchasing Agency Guarantee Limited (CPPA-G), NEPRA is set to increase electricity prices by PKR PKR 7.9647 per unit for the month of May 2022 due to high fuel cost adjustment (FCA).
Based on the information provided by CPPA the actual fuel charges for the EX-WAPDA DISCOs for the month of April 2022 worked out to be PKR 13.8969 per unit which is PKR 7.9647 per unit higher than reference tariff.
During the month, fuel cost increased by 126.74 percent year on year due to in higher reliance on Residual Fuel Oil (RFO) and higher cost of generation on all fuels. During the month, country generated 1,290 GWh of electricity on RFO compared with 771 GWh generation in the same period last year. Electricity generation cost on RFO was PKR 33.6752, which is nearly two and a half times in May 2022 when compared with the same period last year.
NEPRA has provided reference fuel price of PKR 5.9322 per unit as per decision of the Authority for EX-WAPDA DISCOs for the month of April 2022, as proposed by CPPA-G.
However, the final decision by NEPRA will be taken on June 27th after the hearing of all stakeholders.
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