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Govt seeks hike in power tariff by Rs6.51 per unit

01:26 PM | 16 May, 2024
Govt seeks hike in power tariff by Rs6.51 per unit

ISLAMABAD – The federal government has submitted a petition to the National Electric Power Regulatory Authority (NEPRA), requesting a rise in the electricity tariff by Rs6.51 to set the base tariff for the financial year 2024-25.

Reportedly, the government aims to increase the power purchase price to Rs27.11 per unit from the current Rs20.60 per unit.

This development follows NEPRA's approval of a Rs2.83 per unit hike in power tariff for March 20204, due to monthly fuel adjustments, last week.

According to NEPRA's notification, the mentioned adjustment of Rs2.8372 per kWh applied to all consumer categories except Electric Vehicle Charging Stations (EVCS), lifeline consumers, and K-electric consumers.

Regarding the current proposed hike by the government, officials from the energy ministry suggest that the base tariff for the financial year 2024-25 might rise to Rs36.28 per unit from the existing base tariff of Rs29.78, which stood at Rs24.82 per unit in 2022-23 when distribution margin and prior year adjustments are factored in.

The CPPA petition states that Discos are projected to purchase 130.876 billion electricity units at the cost of Rs3.589 trillion during the next fiscal year at a Power Purchase Price (PPP) of Rs27.11 per unit and Rs3.3 trillion at a PPP of Rs25.03 per unit.

Capacity payments for the Financial Year 2024-25 are also expected to rise to Rs2.278 trillion primarily due to the addition of 1,002 megawatts from three projects in 2024.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 18 May 2024 Forex Rates

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 18 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegians Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Bhat THB 7.57 7.72

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