The Power Division has notified Rs 0.53 per unit hike in power tariff of Distribution Companies from October 1, 2019 to stop the growth of quasi-fiscal deficits and fulfill another condition of the International Monetary Fund (IMF). The National Electric Power Regulatory Authority (Nepra) which is in conflict with the NAB for undue intrusion in its affairs, last week allowed Discos to increase power tariff by Rs 0.53 per unit to recover Rs 53 billion from consumers across the board.

The Authority determined tariffs of seven Discos for the FY 2016-17 & FY 2017-18 individually under the Single Year Tariff Regime (SYT), along with quarterly adjustments of Power Purchase Price (PPP) for the first two quarters of FY 2017-18. Subsequently, the Authority through its decisions in the matter of periodic adjustments allowed the impact of over/under recovery of allowed Distribution Margin (DM) and variation in PPP for the remaining two quarters of the FY 2017-18 as Prior Year Adjustments (PYA).

Copyright Business Recorder, 2019