ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) Wednesday approved a total Rs4.35 per unit reduction for February and March under monthly fuel adjustment mechanism.

The hearing was presided over by the NEPRA chairman Brig (R) Tariq Saddozai. All four members including Maj (R) Haroon Rashid, Hamayat Ullah Khan, Saif ullah Chattha and Syed Masoodul Hassan Naqvi were also present on the occasion.

Central Power Purchase Agency (CPPA) in its petition requested the to reduce Rs4.59 per unit for February and March under monthly fuel adjustment mechanism.

In a petition, the CPPA sought Rs2.39 per unit reduction for February and Rs2.20 per unit for March.

However, the regulator approved Rs2.15 per unit reduction for February and Rs2.20 per unit for March and the relief would be given in billing of May.

The CCPA had submitted to the regulator that some 6.223 billion and 7.400 billion units were sold in February and March costing Rs30.25 billion and Rs43.6 billion respectively.

The total relief of around Rs33 billion would be passed on to the consumers.

The average cost of electricity remained Rs4.86 and Rs5.89 per unit against the estimated cost of Rs7.2 and Rs8.09 per unit respectively during February and March 2017.

However, the reduction would not be applicable to the consumers using less than 300 units and K-Electric.