ISLAMABAD - National Electric Power Regulatory Authority (Nepra) on Friday slashed power tariff by Rs. 2.97 per unit for the month of November under monthly fuel charges adjustment for Ex-Wapda distribution companies.
The authority made the decision on the petition of Central Power Purchasing Agency (CPPA) seeking decrease in per unit power rates.
The CPPA submitted that it generated total 6,655 GWh, electricity, costing Rs 28,576.91 million. After transmission losses and sale to IPPs, 6,534 GWh was delivered to Discos.It submitted that on the basis of generation data decrease of 2.9170 per kilowatt hour was incurred as compare to the reference fuel charges of Rs. 7.4167 per kilowatt, set by the authority.
According to the spokesman of Ministry of Water and Power, the summary for the decrease was presented before the cabinet committee on energy CCE, which held under the chair of Prime Minister Nawaz Sharif. In the meeting it was presented that an approximate amount of Rs 28 billion was saved from the generation cost during the month of November 2014, out of which Rs 8 billion were saved due to falling oil prices and Rs. 20 billion were saved due to better management and merit order generation which resulted in savings of 250,000 metric tons of oil consumption during the said month.