ISLAMABAD – National Electric Power Regulatory Authority (NEPRA) toincrease petroleum prices by Rs17.2 billion,Following the requests ofDISCOs to adjust variation in power purchase price (PPP) for the quarter ofthe fiscal year 2019-20 (July-Sept FY20).
NEPRA has decided to conduct a hearing on the matter on 20th November toarrive at a just and informed decision.
As per the sources in the power sector, if NEPRA approves the quarterlyadjustments of DISCOs on account of variation in the power purchase price,then the power consumers will face around Rs17.2 billion worth heavyburden. DISCOs, in their requests, have sought 17-paisa per unit hike inthe electricity price, they added.
According to documents available with this scribe, the Islamabad ElectricSupply Company (IESC) has sought collection of Rs1.44 billion from theelectricity consumers, Lahore Electric Supply Company (LESCO) has asked fora collection of Rs5 billion, Gujranwala Electric Power Company (GEPCO)Rs1.53 billion, Faisalabad Electric Supply Company (FESCO) Rs994 million,Multan Electric Supply Company (MEPCO) Rs2.21 billion, Peshawar ElectricSupply Company (PESCO) Rs3.6 billion, Hyderabad (HESCO) Rs2.5 billion, andQuetta (QESCO) Rs1.52 billion and Sukkur (SEPCO) Rs1.19 billion.
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NEPRA had determined the tariff of DISCOs for the FY2017-18 and the samehas been notified by the federal government with effect from January 1,2019. Pursuant thereto, the DISCOs have filed their requests foradjustments on account of variation in PPP for the quarter of FY20 in linewith the notified mechanism.
NEPRA, in its notice of hearing, invited all the interested/affectedparties to submit written/oral comments or objections as permissible underthe law.
