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Government Claims That The Price Of Electricity Has Not Risen

On Saturday, the federal government declared that it had not hiked the price of energy but had instead allowed just quarterly modifications of Rs3.644/unit for the fiscal year 2021-2022 (April to June). However, because the government has said that the Schedule of Tariffs (SoT) will be maintained during the first quarter of 2022-2023, this move will not result in increased consumer costs.

However, the regulator has granted permission to state-run power distribution companies to add Rs0.1918/unit to their October electricity bills to compensate fuel charge adjustments (FCA) for the month of August. Be advised that the change is only valid for one month.

Furthermore, the fuel cost adjustment (FCA) mechanism has reduced power pricing by Rs4.15 per unit in October compared to September.

It should be noted that when the news of the government raising the power tariff was reported the other day, the ministry declared that it was incorrect. The FCA and quarterly adjustment, on the other hand, were notified.

In view of the nation’s escalating electricity costs, the Power Division Secretary indicated on Saturday that the government had decided not to raise the power price and instead remain with the quarterly adjustment, which was already reflected in the September electricity bills.

In a statement, he said that on October 14, the National Electric Power Regulatory Authority (NEPRA) announced its decision on the fourth quarterly adjustment for the fiscal year 2021-2022. The funds would be collected from electricity users during the next four months, from October 2022 to January 2023.

The Ministry of Energy has ordered NEPRA to “make the quarterly modifications for Quarter 4 of FY 2022 in four months period from October to January 2023” in order to keep the current GoP-notified Schedule of Tariffs (SoT) for Q-4 FY20, Q-1, 2 & 3 FY21, and Q-2 FY22 expiring in September 2022.

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