The cost of power generation increased by 131 percent in May over the same month last year, owing to rising coal, RLNG, and furnace oil (FO) costs, according to the latest figures released on Monday.
The high cost of electricity generation in May prompted the Central Power Purchasing Authority-Guaranteed (CPPG-A) to request an Rs. 8 unit increase in power bills as a result of the fuel charges adjustment (FCA) for May, which the National Electric Power Regulatory Authority (NEPRA) will hear on June 27, 2022.
According to power generation cost data, energy generation expenses in the country increased by 131% in May 2022, to Rs. 13.15 kWh, up from Rs. 5.7 kWh in May 2018.
The cost of energy generation from FO, RLNG, and coal increased by 135 percent, 178 percent, and 130 percent, respectively, during the month of May.
On the other hand, the cost of electricity generation increased by 85 percent in the first eleven months of this fiscal year compared to the same period last year. The cost of power from FO increased by 76.5 percent, RLNG by 114 percent, and coal by 82 percent in the months under review.
Energy generation increased by 12.7 percent YoY to 14,657 GWh (19,700 MW) in May 2022, compared to 13,010 GWh (17,486 MW) in May 2021, according to data.
Power generation climbed by 11.6 percent YoY to 129,317 GWh (16,084 MW) in July-May of FY22, compared to 115,862 GWh (14,411 MW) in the same months last year.
Power generation from coal fell by 23% YoY to 2,018 GWh, according to data on generation mix.
FO and nuclear power generation climbed by 67 percent, 49 percent, and 93 percent, respectively.
In May 2022, electricity generation climbed to 13% of the total energy mix, up from 10% in the same month in 2021.
In May 2022, hydel was the major source of power generation, accounting for 24% of total generation with 3,591 GWh generated, up from 3,465 GWh generated in the same month last year, a 4% increase.
RLNG power generation increased 19 percent to 3,355 GWh in May 2022, compared to 2,829 GWh in May 2021, accounting for 23% of total energy generation. Coal-fired power generation accounted for 14% of total generation.
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