NEPRA approves rate cut of up to Rs1.28/unit

The National Electric Power Regulatory Authority (Nepra) has approved a reduction in electricity rates of up to Rs1.28 per unit on account of fuel charges in September 2024. According to Nepra's statement, the Central Power Purchasing Agency Guarantee Limited (CPPAG) had initially submitted a request for a 71 paisa per unit reduction in fuel charges. The regulator conducted a public hearing on the application on October 30, 2024. Nepra noted that the August fuel charges adjustment (FCA) also saw a reduction, with a decrease of 86 paisa per unit, and clarified that consumers will benefit from an additional 42 paisa decrease per unit in September's fuel charges adjustment compared to August. After adjusting for these changes, the regulator assessed a National Average Uniform decrease of Rs1.2754/kWh in the applicable tariff for ex-WAPDA distribution companies (XWDISCOs) due to fuel cost variations in September.