 held a hearing on the petitions of the 10){kind=link}
Pakistan’s ten power distribution companies (DISCOs) have requested a further increase of Rs3.50 to Rs6 per unit in consumer bills under the final quarterly tariff adjustment for the last fiscal year of 2022–23.
DISCOs hike power tariff: On August 23, the National Electric Power Regulatory Authority (NEPRA) held a hearing on the petitions of the 10 DISCOs, which might result in an increase in customer costs of Rs144.688 billion starting on July 1, 2023.
“The rate increase,” the official stated, “will fall within the range of Rs5–6 per unit if users contribute the necessary increase during the first three months of FY24.”
Nonetheless, if distributed over six months, the price increase would be in the range of Rs2.50-3 per unit. The administration will ultimately decide how to handle the head growth in the fourth quarter of FY23.
The average final pricing for ToU customers in the third quarter of FY23 is Rs49.57 per unit, including surcharges, electricity duty, PTV fee, GST, Sales Tax, FPA, and current QTA.
The end consumers will increase up to Rs. 53–56 per unit with the anticipated increase in the fourth quarter of FY23. Additionally, the aforementioned rise would result in greater financial hardship for customers in the commercial and industrial sectors as well as home consumers.
“DISCOs’ Recovery Requests and Consumer Debt Petitions for the Fourth Quarter of FY23”
Ten DISCOs requested Rs122.413 billion in the head of capacity out of a total of Rs144.688 billion. Payments for the final quarter of FY23 must be recouped. These payments total Rs7.497 billion for variable O&M, Rs14.349 billion for UoSC and MoF, Rs7.352 billion for the effect of T&D losses on monthly FCA, Rs6.960 billion for the effect of additional units, and Rs34 million for the effect of lifeline consumers.
Furthermore, Four electric supply companies—Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), Hyderabad Electric Supply Company (HESCO), and Islamabad Electric Supply Company Limited (IESCO)—asked for the recovery of a total of Rs 23.49 billion from consumers under the fourth QTA for FY23 petitions.
In addition, the Lahore Electric Supply Company (LESCO) requested Rs31.877 billion in consumer debt recovery, followed by requests for Rs27.266 billion from Multan Electric Power Company (MEPCO), Rs7.582 billion from Quetta Electric Supply Company (QUESCO), Rs5.195 billion from Sukkur Electric Supply Company, and Rs4.016 billion from Tribal Electric Supply Company (TESCO).