Friday, October 4, 2024

Pakistanis Will Pay Extra Rs.155 Billion in August Electricity Bill

Nation will charge an extra cost of up to Rs11.5/unit as of their August bill against the electricity being consumed in the month of June after the national power regulator, Nepra allowed distribution files to charge an additional Rs155 billion in order to compensate for the higher fuel production cost in June.

Recently, Nepra ordered for the fuel cost adjustment of Rs11.37 to K-electric and Rs9.89/unit to distribution organizations owned by Wapda, or Discos.

Moreover, Except for the ones who consumed less than 50units, the higher charges would be charged to all in the month of August.

Recently, the government of Pakistan announced a raise of Rs7.91 on average base tariff all across the country in three phases effective from July, whereas Rs1.55/unit was allotted in base tariff across the country under a quarterly adjustment.

Moreover, additional FCA was almost 166pc higher than the fuel cost charged to consumers in June, which was also mismatched between the actual and the estimated fuel cost.

Whereas, K-electric had requested for Rs11.39/unit additional FCA impacting an additional revenue of Rs22.25bn.

The reason behind the higher FCA was 50pc expensive liquidize natural gas and increase of 74pc raised as power purchase which results as Nepra instructions for additional FCA of Rs11.37 per unit.

Comparing domestic fuel sources in overall power production was little lower at 52pc in June compared to 54pc in May and better than 50pc in April and 45pc in March respectively.

Whereas, the hydropower supply in allover all fuel cost basket remains almost unchanged at more than 24pc same as was in May.

However, nuclear power got dropped to 9pc in June from 13pc in May and 17.37pc in April.

Furthermore, the domestic gas share in power generation was raised to 11pc in June as compare to 10pc in May and April.

If we note about coal based power plant which remained same at 13.6pc in June and May but was slightly low than 16.74pc in April and 25pc in March.

Whereas the cost of power generation from domestic gas decreased to Rs8.9 per unit in June from Rs10.12 in May. The cost was Rs8.4 in April and Rs7.75 in March.

Other than this, wind, bagasse and solar , three sustainable energy sources cameup with 7pc power supply in June against 6.5pc in May.

Overall power supply with the share of 9pc, the most costly power production was from furnace oil-based plants which costed at Rs36.2 per unit in June against Rs33.67 in May, Rs28.2 in April and Rs22.52 in March.

A total of 13,876 gigawatt-hours (GWh) generated at the price of Rs204bn in June, however 13,471 Gwh at the cost of Rs214bn delivered to Discos, CPPA claimed.

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