Slight reduction in electricity prices likely

ISLAMABAD: Good news is likely for power consumers as there is a chance of slight reduction in electricity prices.

The Central Power Purchasing Agency (CPPA) has filed a petition with the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in electricity prices for consumers served by government-owned distribution companies.

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The petition proposes a decrease of 57 paisa per unit for a period of one month. The CPPA has requested the reduction in the Fuel Cost Adjustment (FCA) for the month of August.

NEPRA is scheduled to hold a hearing on the CPPA’s petition on September 26.

Following the hearing, NEPRA will decide on the proposed price reduction.