Connect with us

Business

NEPRA approves Rs1.62/unit hike in electricity tariff for January | The Express Tribune

Published

on

NEPRA approves Rs1.62/unit hike in electricity tariff for January | The Express Tribune


The hike will apply to all consumer categories, including K-Electric, except for lifeline consumers

The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved a Rs1.62 per unit increase in electricity tariff on account of monthly fuel adjustment charges across the country.

The adjustment follows a petition by the Central Power Purchasing Agency (CPPA), which had requested an increase of Rs1.78 per unit for the month of January.

According to the notification, the fuel cost adjustment (FCA) will apply to all consumer categories, including K-Electric, except lifeline consumers, protected consumers, electric vehicle charging stations, and prepaid electricity consumers who have opted for prepaid tariffs.

The notification stated that the XWDISCOs and K-Electric would reflect the January fuel charges in the March billing cycle. “The adjustment would be shown separately in consumers’ bills on the basis of units billed in the respective month to which the adjustment pertains,” it added.

It further clarified that if any March 2026 bill had been issued prior to the notification, the adjustment could be applied in a subsequent month, while directing the XWDISCOs and K-Electric to strictly comply with court orders notwithstanding this directive.

During last week’s NEPRA hearing, CPPA officials reported that 8.76 billion units of electricity were sold in January. The reference fuel cost for the month was set at Rs10.39 per unit, while the actual fuel cost stood at Rs12.17 per unit.

Officials attributed the proposed increase to lower hydropower generation and higher electricity consumption during the month. Furnace oil plants were reportedly used to meet the increased peak demand.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Ryanair flight from Milan to Manchester leaves passengers behind due to border delays

Published

on

Ryanair flight from Milan to Manchester leaves passengers behind due to border delays



New European border rules have caused delays at airports across the continent, affecting flights.



Source link

Continue Reading

Business

Rivian’s factory damaged by tornado amid crucial R2 EV launch

Published

on

Rivian’s factory damaged by tornado amid crucial R2 EV launch


A view shows a second-generation R1S at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024.

Joel Angel Juarez | Reuters

A tornado damaged part of Rivian Automotive‘s factory in central Illinois over the weekend, according to a message sent to employees Sunday night by CEO RJ Scaringe that was viewed by CNBC.

The tornado touched down on the plant, Scarigne said. That area was being used for parts storage and logistics for Rivian’s upcoming R2, which is a crucial product for the company that’s expected to be on sale this spring.

Scaringe said operations in the damaged area are expected to resume this week, while other major portions of the plant, such as its assembly lines, are operating as planned. No injuries have been reported as a result of the incident, according to a company spokeswoman.

“While Building 2 has sustained damage and is closed for the time being as we complete our assessments, I am incredibly relieved to share that there were no injuries at our plant,” Scaringe said in his message to employees.

Scaringe said the company would “share more information as it becomes available, but for now, our priority is ensuring our Normal [Illinois] team is safe and supported.”

Apparent photos posted online of the aftermath, which was first reported by TechCrunch, showed damage to the roof and at least one wall of the recently constructed building.

The National Weather Service reports the factory was hit amid a “significant tornado outbreak” that occurred Friday across the upper Midwest. Confirmed tornadoes near the factory Friday night were classified as EF1, with estimated peak winds of 100 mph, according to NWS.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Continue Reading

Business

Trump tariff refunds begin but consumers likely to miss out

Published

on

Trump tariff refunds begin but consumers likely to miss out



Businesses can apply online through a portal for refunds expected to total $160bn.



Source link

Continue Reading

Trending