Pakistan

Power tariff up by Rs2.83 in FCA for May | The Express Tribune

Published

5 مہینے ago

مئی 9, 2024

l955w

ISLAMABAD:

The price of electricity supplied through ex-Wapda distribution companies (XWDISCOs) has been increased by Rs2.83 per unit as part of the fuel cost adjustment (FCA) charges for the month of March, according to a notification issued by the National Electric Power Regulatory Authority (Nepra) on Wednesday.

The power regulator added that the additional charges would be retrieved from the consumers in their electricity bills for May.

The notification read that the additional charges would be applicable to all categories of consumers except Electric Vehicle Charging Stations (EVCs) and lifeline ones.

Even K-Electric customers will be exempted from this price hike.

This increase will burden the consumers with an additional Rs26 billion.

Last month, the government had sought clearance from Nepra to extract about Rs23 billion additional in FCA from consumers for electricity consumed in March despite 79 per cent of power generation coming from cheaper local fuels.

The Central Power Purchasing Agency (CPPA) — a subsidiary of the Power Division — had demanded Rs2.94 per unit additional fuel cost to recover from consumers through May bills.

The proposed additional FCA was almost 46pc higher than the pre-fixed fuel cost of Rs6.44 per unit, while the cost of the energy delivered to DISCOs was Rs9.3819 per unit. Thus, it requested an increase of Rs2.9402 per unit over the reference charges on account of FCA for the month of March 2024.The increase also includes the previous adjustments of Rs7.615 billion or Re 0.9492 per unit.

NEPRA said that that there was negative growth of 7.5% in generation in March as compared generation assumed in reference tariff.

This raised questions about the power sector bureaucracy’s capabilities to forecast fuel costs even for six to seven months. In recent months, the additional FCAs have ranged between 50 and 115pc higher than the pre-determined fuel costs notified at the start of the current fiscal year.

This FCA was on top of about a 26pc increase in the annual base tariff and another 10pc hike under the quarterly tariff adjustment currently in place and being charged to consumers at Rs2.75 per unit. As a result, consumers continue to pay excessive bills despite lower consumption patterns. Nepra had accepted the request for a public hearing on April 26.

The higher proposed FCA for March is apparently mainly due to higher domestic coal and gas prices, although the use of imported fuels like coal, diesel and furnace oil remained zero. LNG was relatively cheaper, and the exchange rate remained stable.

In a petition, the CPPA, acting as commercial agent of Discos, demanded an additional FCA of Rs2.94 per unit in the May bills for electricity consumed in March. It claimed that the reference fuel cost for March was Rs6.44 per unit, but the actual fuel cost rose to Rs9.38 per unit. The average fuel cost in February also stood at about Rs9.42 per unit. It said about 8,023-gigawatt-hour (GWh) of electricity was generated at an estimated fuel expenditure of Rs66.7bn (Rs8.3 per unit) in March, of which 7,756 GWh energy was delivered to Discos at the cost of Rs72.67bn (at Rs9.38 per unit).

In a related development, K-Electric has filed an application with Nepra seeking an increase of Rs18.86 per unit under the FCA charges for seven months — July 2023 to March 2024.

In its plea, the port city’s sole power supplier has asked for a reduction in its tariff for two months by Rs0.29 per unit as the FCA charges in them reflected in the negative.

Nepra will hold a hearing on the K-Electric’s application on Thursday.

Related Topics:Express FCA latest Pakistan power Rs2.83 tariff Tribune

Up Next

Engro to go global, says main investor | The Express Tribune

Don't Miss

Pakistani conglomerate Engro looks to go global, its main investor says | The Express Tribune

Click to comment

Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

17 گھنٹے ago

ستمبر 20, 2024

l955w

Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
36 months	Rs7,800

You may like to read our these stories

Yamaha Bikes Latest Price in Pakistan May Update

Pakistan

Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

Published

18 گھنٹے ago

ستمبر 20, 2024

l955w

If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

Beware of These Illegal Housing Societies in Lahore – September 2024 Update

Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

19 گھنٹے ago

ستمبر 20, 2024

l955w

LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

Pakistan

Gold prices reach historic high in Pakistan – Pakistan Observer

Published

20 گھنٹے ago

ستمبر 20, 2024

l955w

Your source for latest Pakistan, world news. Stay updated on politics, business, sports, lifestyle, CPEC, and breaking news. Accurate, timely, and comprehensive coverage.