NEPRA announces decision over massive electricity price hike

NEPRA announces decision over massive electricity price hike

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has postponed the proposed Rs2.97 per unit hike in power tariff till next Tuesday and has sought an explanation from the Central Power Purchasing Agency (CPPA) regarding electricity generation through expensive power plants in September 2019.

Perturbed over power generation with expensive power plants in the month of September, NEPRA has sought a detailed explanation from the concerned over violation of merit order already devised for power production for the said month. It stated that a hike in power price would not be allowed until the submission of a satisfactory explanation.

During the course of hearing on Wednesday, NEPRA Chairman Tauseef H Farooqi seriously criticised CPPA for generating power with furnace oil and for not submitting complete facts and figures pertaining to electricity generation in the month of September.

He said the power consumers could be saved from an additional burden of Rs7.5 billion if merit order was followed and electricity was generated with cheaper fuel. “CPPA should satisfy the power sector regulator in this regard,” he added.