ISLAMABAD – The Central Power Purchase Agency (CPPA) requested the National Electric Power Regulatory Authority (Nepra) on Monday to reduce electricity charges for a month by Rs 2 .70 per unit.
Nepra has admitted the request for formal hearing. The reduction, if approved, will be applicable to all distribution companies except K-Electric. The relief will be given to consumers in the billing month of March.
Earlier, the CPPA said Nepra had approved reference fuel tariff of about Rs9.53 per unit last year when furnace oil price stood at Rs 75,000 per ton.
The price has since come down to a little over Rs 40,000. As a result, the actual fuel cost has declined to Rs6.32 per unit, requiring a reduction of Rs3.2 per unit.
Earlier in December 2014, Prime Minister Nawaz Sharif on Friday announced Rs 2.32 per unit reduction in the price of electricity.
While addressing a press conference in Peshawar after visiting Awami National Party leader Bashir Bilour, PM Nawaz Sharif said there will be a further reduction in petroleum prices.
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