ISLAMABAD: Electricity distribution companies (disks) have requested a substantial increase in their respective tariffs for the supply of electricity for five years, from 2020-2021 to 2024-25, in order to recover operating costs and maintenance, cost of working capital, power margin, additional charges and other income. Surcharge for late payment (LPS) and prior year adjustments (APY).
Multan Electric Power Company (Mepco) has asked Nepra to approve its average net sale at Rs 21.12 per unit for 2020-21, Rs 19.49 per unit for 2021-22, Rs 21.52 per unit for 2022- Rs 23, 22.25 per unit for 2023-24 and Rs 23.82 per unit for 2024-25.
The proposed tariff is intended for total revenue needs of Rs 353,630 million for 2020-21, Rs 343,796 million for 2021-22, Rs 387,897 million for 2022-23, Rs 409,663 million for 2023- 24 and 447,850 million Rs for 2024-25.
Peshawar Electric Supply Company (Pesco) intends to set the average net sales rate for fiscal year 2020-21 at Rs 25.11 per unit, for fiscal year 2021-22 at Rs 25.50 per unit, for 2022-23 fiscal year at Rs 25.77 per unit, for fiscal year 2023 -24 at Rs 25.96 per unit and for fiscal year 2024-24 at Rs 26.07 per unit.
According to Pesco, its revenue requirements for fiscal year 2020-21 are Rs 237,260 million, for fiscal year 2021-22 Rs 251,820 million, for fiscal year 2022-23 Rs 265,937 million, for fiscal year 2023 -24 Rs 279.929 million and for fiscal year 2023-24 Rs 293.784 million.
Gujranwala Electric Power Company (Gepco) has asked Nepra to approve its average net sales rate for fiscal year 2020-21 at Rs 16.19 per unit, for fiscal year 2021-22 Rs 19.03 per unit, for FY 2022-23 Rs 20.77 per unit, FY 2023-24 Rs 20.98 per unit and FY 2024-25 Rs 22.21 per unit.
Gepco’s estimated forecast revenue for fiscal year 2020-21 is 174,206 million, for fiscal year 2021-22 214,909 million, for fiscal year 2022-23 246,365 million for fiscal year 2023-24 Rs 261,291 million and for fiscal year 2024-25 Rs 290,400 million. Nightclubs have also requested a Prior Year Adjustment (PYA) for the 2020-21 fiscal year.
The National Electric Power Regulatory Authority (Nepra) will hold a public hearing on August 4, 2021 on Discos’ tariff petitions.
Nepra had granted a distribution margin (DM) of Rs 1.57 per unit to Mepco, Rs 1.88 per unit to Gepco and Rs 1.99 per unit to Pesco. However, for fiscal year 2020-21, Mepco, Gepco and Pesco requested a DM of Rs 3.25 per unit, Rs 3.03 per unit and Rs 4.03 per unit respectively. The expected increase in DM for Mepco is Rs 1.68 per unit, Gepco, Rs 1.16 per unit and Pesco Rs 2.03 per unit.
Copyright Business Recorder, 2021