ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is expected to absorb around 20 paisa per unit in quarterly price adjustments in different tariff rises.
The regulator held a public hearing on Thursday on a petition filed by the Central Power Purchasing Agency (CPPA) seeking a refund of paisa 20 per unit to consumers of power Distribution Companies (Discos) under the Quarterly Tariff Adjustment (QTA) for the fourth quarter of fiscal year 2020-21 (4QFY21), determined for various items, and reserved its decision.
Chairman of Nepra Tauseef H Farooqi presided over the hearing. Rafique Ahmad Shaikh, Nepra Vice Chairman, Rehmatullah Baloch, Member Balochistan, and Maqsood Anwar Khan, Member Khyber Pakhtunkhwa, also attended the meeting.
A negative adjustment of Rs20.349 billion was requested for the 4QFY21, according to data submitted by CPPA-G on behalf of Discos. This included Rs6.121 billion in Capacity Purchase Price (CPP), Rs14.896 billion in variable O&M, Rs1.622 billion in Use of System Charges (UoSC), Rs965 million in T&D losses on monthly fuel cost adjustment (FCA), and Rs11 million in supplementary CPP invoices.
During the hearing, Mr Naveed of CPPA said the main reason for the negative QTA for fourth non-payment of Rs23bn to Water and Power Development Authority (Wapda) was due to the suspension of tariff for Neelum Jhelum Hydropower project and the reference rate of dollar at Rs168, which was actually Rs153.