Power tariff hiked by PKR 1.51 per unit – Alfalah Securities Limited

Karachi, July 12, 2012 (PPI-OT): National Electric Power Regulatory Authority (Nepra) has notified power tariff increase of PKR 1.51 per unit across the board except lifeline consumers under the monthly fuel adjustment formula.

According to Alfalah Securities Limited, the increase will be for the month of May 2012 which will be reflected in the bills of December 2012. The Central Power Purchase Agency (CPPA) had proposed an increase of PKR 1.52 per unit in power tariff after a substantial increase in furnace oil price for May. The hike in power tariff heats up inflation across the board and makes the local industry production uncompetitive in the export markets.