**Electricity Prices Expected to Decrease in the Coming Months**
The Central Power Purchasing Agency (CPPA) has recently submitted a formal request to the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in the electricity price per unit as part of the monthly fuel price adjustment for the upcoming month of December. This move has sparked hope among consumers for a potential drop in electricity costs in the near future.
**Key Details of the Request**
According to the CPPA’s petition, there is a strong likelihood of a substantial decrease of Rs 1.03 per unit in electricity prices for the month of December. This reduction could significantly benefit consumers who have been grappling with high electricity bills in recent months.
The hearing for the CPPA’s request is set to take place on January 30, where NEPRA will carefully review and consider the proposed price adjustment. This decision will have a direct impact on the wallets of millions of electricity users across the country.
**Insights from the Petition**
In its petition, the CPPA revealed that a total of 7.516 billion units of electricity were supplied to Distribution Companies (DISCOs) in December. The fuel cost of generating electricity during this period was reported to be Rs 9.60 per unit, significantly lower than the estimated cost of Rs 10.63 per unit.
Furthermore, the breakdown of electricity generation sources in December was as follows: 22.80% from hydropower, 10.06% from local coal, 1.59% from imported coal, and 0.03% from furnace oil. Local gas accounted for 12.31% of the electricity generated, while LNG and nuclear sources contributed 20.70% and 26.48%, respectively.
**Expert Opinions on the Potential Price Drop**
Energy experts have expressed optimism regarding the anticipated decrease in electricity prices. They believe that this reduction could provide much-needed relief to consumers who have been burdened by high utility bills in recent times. Additionally, experts emphasize the importance of sustainable energy generation practices to ensure a stable and affordable electricity supply for all.
As we eagerly await the outcome of the upcoming NEPRA hearing, consumers can look forward to the possibility of a welcomed reduction in their electricity expenses. Stay tuned for further updates on this developing story.
