Rare relief as Nepra cuts power price by Rs2.31 per unit.

The National Electric Power Regulatory Authority (Nepra) on Tuesday reduced electricity price by Rs2.31 per unit on account of fuel cost adjustments (FCAs) for December 2022.

Nepra Chairman Tauseef H. Farooqui announced the decision on an application filed by the Central Power Purchasing Authority (CPPA), seeking a decrease of Rs2.20 per unit.

A representative of the CPPA said 8.960 billion units of electricity were produced in December last. He said the reference cost of electricity was set at Rs9.31 per unit while the cost in the previous...