A nation already reeling from sky-rocketing inflation, ever-rising fuel costs, economic instability and employment insecurity prepares for another jolt as the power companies seek Rs2.9402 per unit on account of fuel adjustment for the month of March 2024.
The Central Power Purchasing Agency (CPPA), on the request of power distribution companies (Discos), has submitted an application to National Electric Power Regulatory Authority (Nepra).
The application seeks increasing the electricity price by Rs2.9402 per kilowatt hour (kWh) under the Fuel Charges Adjustment (FCA) head for March.
Following the request, the power regulator has called a public hearing on April 26.
In a public hearing notice, Nepra has invited all the interested/affected parties to raise written/oral objections as permissible under the law at the public hearing.
The CPPA, in its application, has claimed that the total electricity generated with various fuels in March 2024 was recorded at 8,023 gigawatt-hours (GWh), at Rs8.3109 per unit. The total cost of energy had been Rs66,680 million.
The power generation with the hydel source was 2,217 GWh constituting 27.63 percent with zero cost of power generation while power production with coal-fired power plants was 862 GWh (local coal) and the total power generated had been for Rs14,459 million (Rs16.7779/unit).
Similarly, the power generation from gas-based power plants was 795 GWh, 9.91 percent of the total generation, totaling Rs13.6857 per unit and the generation from re-gasified Liquefied Natural Gas (RLNG) was 1,658 GWh, which was 20.67 percent of total generation, at Rs22.1917 per unit.