[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The federal government has filed a request with the National Electric Power Regulatory Authority (NEPRA) seeking an increase of Rs6.51 in the electricity tariff to establish the base tariff for the fiscal year 2024-25.
The government’s proposal aims to elevate the power purchase price from the current Rs20.60 per unit to Rs27.11 per unit.This move comes subsequent to NEPRA’s approval of a Rs2.83 per unit surge in power tariff for March 20204, attributed to monthly fuel adjustments, last week.
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As per NEPRA’s notification, the mentioned adjustment of Rs2.8372 per kWh applies to all consumer categories except Electric Vehicle Charging Stations (EVCS), lifeline consumers, and K-electric consumers.
Officials from the energy ministry suggest that the proposed base tariff for the fiscal year 2024-25 could escalate to Rs36.28 per unit from the existing base tariff of Rs29.78, which was at Rs24.82 per unit in 2022-23 when considering distribution margin and prior year adjustments.
The CPPA petition indicates that Distribution Companies (Discos) are forecasted to procure 130.876 billion electricity units at a cost of Rs3.589 trillion in the next fiscal year, with a Power Purchase Price (PPP) of Rs27.11 per unit and Rs3.3 trillion at a PPP of Rs25.03 per unit.
Capacity payments for the Financial Year 2024-25 are also anticipated to surge to Rs2.278 trillion mainly due to the incorporation of 1,002 megawatts from three projects in 2024.[/vc_column_text][/vc_column][/vc_row]
