On account of the monthly fuel costs adjustment (FCA) for February 2022, the Central Power Purchasing Agency Guarantee Limited (CPPA-G) has requested a power rate rise of roughly Rs. 5 per unit.
Following a raise of Rs. 5.94 per unit from the National Electric Power Regulatory Authority (NEPRA) for the monthly FCA in January 2022, the CPPA has filed a new appeal for a hike of Rs. 4.994 per unit in February 2022.
In a petition to NEPRA on behalf of electricity distribution companies (XWDISOCs), the CPPA-G said that the reference fuel rates for February were Rs. 4.2516 per unit, but the actual 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 generated in February fell to 8,087 gigawatt-hours (GWh) from 8,797 GWh in January. Hydel generation rose from 5.83 percent in January to 18.22 percent in February, contributing 1473.76 GWh to the national grid.
The CCPA-G also reported that coal power plant generation 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 per unit was Rs 13.0944.
The cost of Residual Furnace Oil (RFO)-based electricity was Rs. 21.4564 per unit, down from 14.07 percent in January. Furnace oil-based power plants generated 6.51 percent (526.73 GWh) of energy, down from 14.07 percent in January.
The percentage of power generated from imported re-gasified liquefied natural gas (RLNG) increased to 15.16 percent (1226.01 GWh) in February, up from 7.12 percent in January, and RLNG-based electricity cost 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-powered generating cost Rs. 8.1826 per unit.
Furthermore, at Rs. 1.1320 per unit, nuclear fuel produced 12.53 percent of total power, wind contributed 2.02 percent, and bagasse contributed 1.22 percent.
Imported energy from Iran contributed 0.42 percent at a rate of Rs. 15.6885 per unit, the highest rate Pakistan has ever imported from the nation. In addition, solar power accounted for 0.72 percent of the total.
Meanwhile, K-Electric (KE) has requested a power tariff hike of Rs. 3.452 per unit for the monthly FCA in February 2022. It also filed a case with the NEPRA, stating that the rise will cost customers Rs 3.950 billion.
On March 31, the NEPRA will hold a public hearing on the CPPA’s appeal, while the KE’s case will be heard on April 4.