The National Electric Power Regulatory Authority (NEPRA) approved on Thursday a reduction of Rs 2.68 per unit in electricity rates of all distribution companies, except K-Electric, on account of monthly fuel price adjustment with effect from July 1.
The decision was taken after a decline in prices of petroleum products in the international market.
NEPRA had earlier received an application for fuel adjustment charges from the Central Power Purchase Agency (CPPA) in this regard. This reduction in power tariff would not be applicable on consumers using less than 300 units every month.
The fuel charges of all distribution companies are subject to adjustment on the basis of information provided by the CPPA about actual fuel charges for each month.
Under the automatic fuel adjustment formula NEPRA is required to determine the difference of fuel cost every month and directly pass it on to consumers.
The fuel charges of all distribution companies are subject to adjustment on the basis of information provided by the CPPA about actual fuel charges for each month.
