|Fuel adjustment formula: Revised power tariff in Feb 2014 bills|
07 February 2014
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) announced on Thursday that a revised tariff of power distribution companies (Discos) will be adjusted in the electricity bills for February 2014.
Nepra had raised the power tariff of power distribution companies (Discos) for December 2013 by Rs1.01 per unit according to the monthly fuel adjustment formula.
The increase will be applicable across the board, save for consumers of K-Electric (formerly the Karachi Electric Supply Company).
Nepra increased the tariff for December 2013 after examining the actual fuel charges for the month.
According to information provided by the Central Power Purchasing Agency (CPPA), the actual fuel charge for December 2013 was Rs8.8714 per kilowatt hour (kWh) against the reference fuel cost component of Rs7.8690 per kWh.
The actual fuel charge, as such, was increased by Rs1.0024 per kWh.
Discos purchased 104.27 gigawatt hour (GWh) from small and captive power plants for the month of December 2013, the details provided by CPPA revealed. The actual fuel cost of this power amounted to around Rs1.02 billion.
While calculating the fuel adjustment for December 2013, however, Nepra did not include the cost component from those plants which had cases against them pending in court. As such, the authority only considered the purchase of 41.61 GWh – at the cost of Rs533.46 million – for the instant fuel adjustment for December 2013.
According to CPPA, the National Transmission and Dispatch Company (NTDC) lost 240.03 GWh on account of transmission losses in December 2013. However, Nepra assessed transmission losses at a rate of 3%, as determined in a July 19, 2013 statutory regulatory order.
CPPA has already reduced the overall cost on account of transmission losses in excess of 3% by Rs281 million. As such the impact of increased transmission losses has not been passed on to consumers.
After reviewing and incorporating various adjustments, Nepra increased the applicable for Discos for December 2013 by Rs1.0103 per kWh.
|See Also in Political News|
|Afghan army fires 6 mortar shells into Pakistan|
29 March 2014
MIRANSHAH: At least six mortar shells fired from the territory of Afghanistan landed in the Pakistani bordering area in North Waziristan Agency (NWA)on Saturday morning, but no loss of life reported thus far, Geo News reported.
Security sources said that the six mortar shells fired from across the border checkpost of Afghan National Army landed near the Pakistani checkpost in Ghulam Khan sector in North Waziristan Agency (NWA)at 7.00 A.M. this morning.
The sources said that fortunately ... Full Story
|Bank guard foils robbers attempt to flee with pulled out ATM machine|
29 March 2014
KARACHI: Some robbers' attempt to run away with the pulled out ATM machine of a private bank was foiled near NIPA Chowrangi, Gulshan-e-Iqbal on Saturday here, Geo News reported.
Sources said that the accused in the wee hours on Saturday successfully pulled out an ATM machine of a private bank and were about run away with the machine, when the guard of the bank foiled their attempt by switching on the siren causing panic among the accused who throwing the machine on the road fled away.
... Full Story
|UN rights forum calls for use of armed drones to comply with law|
29 March 2014
GENEVA: The United Nations called on all states on Friday to ensure that the use of armed drones complies with international law, backing a proposal from Pakistan seen as taking aim at the United States.
A resolution presented by Pakistan on behalf of co-sponsors including Yemen and Switzerland did not single out any state. The United States is the biggest drone user in conflicts including those in Pakistan, Yemen, Afghanistan and Somalia.
"The purpose of this resolution is not to shame ... Full Story