ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a reduction of 26 paisa per unit in power tariff on account of fuel cost adjustment for July 2021.
According to a notification issued by the NEPRA on Monday, the electricity has been reduced by 26 paisa per unit on account of May’s monthly fuel adjustment and consumers will get relief in July electricity bills.
According to the decision issued by the NEPRA, the decision to reduce the price of electricity will not apply to lifeline and agricultural consumers, nor will the decision apply to K-Electric consumers.
The Central Power Purchase Agency (CPPA) had sought reduction of 12 paisa in the tariff, having Rs 1.5 billion benefit to the consumers for the said period.
However, the authority approved 26 paisa reduction in the tariff, having benefit of Rs.3.3 billion for consumers. The regulator held public hearing into the CPPA petition on June 29.