ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday notified a Rs1.23 per unit decrease in electricity rates for consumers of K-Electric and a Rs2.08 per unit slash in the rates for consumers of all other distribution companies (Discos).

The fuel adjustments worth Rs13 billion would be passed on to consumers during the billing month of April 2015 out of which Rs1 billion would be received by K-Electric users and Rs12 billion would be passed on to users of all other Discos.

The rate-cut would not apply on those users who consume less than 50 units of electricity per month.

Fuel worth Rs55.75 billion was spent for the generation of 6.8 billion units of electricity consumed by the users of all Discos apart from those of K-Electric.

The actual fuel cost for January 2015 was determined at Rs9.27 per unit against corresponding determined fuel charges of 11.36 per unit.

It was reported that the highest share of furnace oil-based plants at 45.4 per cent in total power supply was generated at Rs10.26 per unit while 9.42pc generation came from high speed diesel with an average cost of Rs15 per unit, followed by 23.3pc generation from natural gas amounted to Rs4.2 per unit. Only 13pc generation came from hydropower with zero fuel cost while fuel cost of 5.65pc generation from nuclear power cost came at Rs1.17 per unit.

K-Electric had sold 1.06 billion units of electricity to consumers during the month of December 2014.

Under the automatic fuel adjustment formula Nepra is required to determine the difference of fuel cost every month and directly pass it on to consumers.