The Central Power Purchasing Agency Guarantee Limited (CPPA-G) has requested a Rs. 5 per unit increase in electricity rate due to the monthly fuel costs adjustment (FCA) for February 2022.
Following a hike of Rs. 5.94 per unit from the National Electric Power Regulatory Authority (NEPRA) for the monthly FCA for January 2022, the CPPA has filed another petition for a Rs. 4.994 per unit increase for February.
In an appeal to NEPRA on behalf of electricity distribution companies (XWDISOCs), the CPPA-G stated that the reference fuel prices for consumers in February were Rs. 4.2516 per unit, but the real fuel cost was Rs 9.1957 per unit.
It argued that the NEPRA should authorize a consumer price increase of Rs. 4.994 per unit.
The total amount of power produced in February was 8,087 gigawatt-hours (GWh), down from 8,797 gigawatt-hours (GWh) in January. Hydel generation grew from 5.83 percent in January to 18.22 percent in February, contributing 1473.76 GWh to the national grid.
The CCPA-G also claimed that electricity generation from coal power plants fell to 31.70 percent (2563.87 GWh) in February, down from 33.15 percent in January. In addition, the cost of coal-generated power was Rs 13.0944 per unit.
Furnace oil-based power plants generated 6.51 percent (526.73 GWh) of electricity, down from 14.07 percent in January, and the cost of RFO-based electricity was Rs. 21.4564 per unit.
The share of imported re-gasified liquefied natural gas (RLNG)-based energy generated was 15.16 percent (1226.01 GWh), up from 7.12 percent in January, and the cost of RLNG-based power was Rs. 14.3229 per unit.
In February, electricity generation from local gas fell to 11.36 percent (918.40 GWh) from 14.37 percent the previous month. Local gas-based generating cost Rs. 8.1826 per unit.
Furthermore, at Rs. 1.1320 per unit, nuclear fuel produced 12.53 percent of total generation, wind contributed 2.02 percent, and bagasse contributed 1.22 percent of energy.
Power imported from Iran contributed 0.42 percent at a rate of Rs. 15.6885 per unit, the highest rate of electricity imported from the country in Pakistan’s history. Furthermore, solar power accounted for 0.72 percent of the total.
Meanwhile, K-Electric (KE) has requested a Rs. 3.452 per unit increase in the power price for the monthly FCA for February 2022. It also petitioned the NEPRA, stating that the rise will cost customers Rs 3.950 billion.
The NEPRA will hold a public hearing on the CPPA’s petition on March 31, and on the KE’s plea on April 4.
To read our blog on “FBR will lose Rs. 75 billion per month as a result of lower gasoline and electricity prices,” click here.
