- The application revolves around the fuel price adjustment for February.
- CPPA proposed 86 paise per unit hike.
- K- electric submitted a separate request to Nepra.
Electricity consumers, already grappling with inflation are served with another potential blow to their wallets.
Central Power Purchasing Agency (CPPA) has approached Nepra with a request to adjust fuel prices on a monthly basis. This application revolves around the fuel price adjustment for February, with a scheduled hearing by Nepra on March 30.
CPPA has proposed an 86 paise per unit hike in electricity prices for one month, which, if approved, will impact the users of government discos.
Notably, K Electric has already submitted a separate request to Nepra, seeking a 62 paise increase under the Fuel Cost Adjustment (FCA) mechanism.
Both the state-run discos and K-Electric will have their petitions heard on the same day.
This comes after the recent decision on March 3, wherein the Government of Pakistan consented to the International Monetary Fund’s (IMF) demands, imposing a permanent electricity tariff of Rs3.23 per unit to recover Rs335 billion from consumers. This move was a crucial step towards securing a staff-level agreement with the IMF.
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