Electricity consumers are bracing for another significant financial burden as the power tariff is poised to increase by Rs2.63 per unit, adding to their already substantial expenses. This proposed hike is due to the Fuel Charges Adjustment (FCA) for electricity consumed during June 2024.
The Central Power Purchasing Agency (CPPA), acting on behalf of distribution companies (DISCOs), has formally submitted an application to the National Electric Power Regulatory Authority (NEPRA) requesting an increase in the electricity price by Rs2.6307 per kilowatt hour (kWh) under the FCA for June 2024.
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According to the CPPA’s detailed submission, the reference fuel charges collected from consumers for June were set at Rs7.1403 per unit, while the actual cost per unit amounted to a higher Rs9.7710. In response to this request for a tariff hike, NEPRA has scheduled a public hearing on July 31, 2024, to discuss and review the application.