In the past several months the FCA fuel cost has been charged to the consumers of PESCO . Now reduction in Fuel Prices on the whole the GOVT has decided to cut down the power tariff. So the meeting was held by NEPRA at its headquarters under the supervision of the NEPRA chairman.
Now it appears that the National Electric Power Regulatory Authority (NEPRA) in Pakistan has notified a reduction in fuel cost adjustment (FCA) for consumers of certain distribution companies like (LESCO | GEPCO | FESCO | IESCO | MEPCO | PESCO | HESCO | SEPCO | QESCO | TESCO) for the month of October 2022. The adjustment will apply to all users except those consuming up to 300 units, electric vehicle charging stations, and agriculture consumers, and will be reflected in their December bills.
NEPRA has stated that this reduction is due to the purchase of 47.77 gigawatt-hours of electricity from Iran’s Tavanir power generation, distribution, and transmission company at a cost of Rs1.01 billion. The contract between the Central Power Purchasing Agency (CPPA) and Tavanir for importing up to 104 megawatts of electricity expired on December 31, 2021, and the cost of the electricity purchased has been allowed on a provisional basis, subject to adjustment once NEPRA decides on the extension of the contract.
NEPRA has also noted that energy worth Rs5.27bn was generated from costlier furnace oil-based power plants in October, and has directed the National Power Construction Corporation (NPCC), the National Transmission and Dispatch Company, and the CPPA to provide justification for this.
The Effect of Power Tariff Cut Down In Pesco Bills.
All the consumers of DISCOS including PESCO will see the effect of this reduction in power tariff at Rs. 32 paisa per unit for the month of October 2022. It will be in form of a Fuel Price Adjustment. As per Fuel prices on international decreasing So the Govt has decided to give the benefits to all consumer of electricity companies.
Reduction in power Tariff @ 32 Paisas.
The reduction in the power tariff of the pesco bill will be effected in December 2022 bill. The amount will be exampt from the bill of pesco company. The reduction rate @ 32 paisa is without taxes after including the taxes it will be 55 paisa. It will effect on the units consumed in the month of october 2022 pesco bill.