Tuesday, September 28, 2010

NEPRA increases power tariff by 33 paisas

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has increased the power tariff for distribution companies (discos) by 33 paisas per unit under the monthly fuel adjustment formula.

The recent increase in power tariff will be applicable for all consumers of distribution companies besides Karachi Electric Supply Corporation (KESC).

According to sources, the power tariff was increased due to a raise in fuel prices.

Separately, PEPCO had requested the government to allow it to increase power tariffs by 28 percent in three phases, starting from October 1, 2010, to generate Rs. 127 billion worth of additional revenue.

According to the 'plan' which is not yet finalised, the power tariff was to be raised by 7 percent from October 1, 2010 to generate Rs 26.3 billion; 14 percent from January 1, 2011 for additional collection of Rs 38.2 billion; and 7 percent from April 1, 2011 to generate additional revenue of Rs 12.5 billion.