LAHORE: The price of electricity is expected to see a surge of Rs5 per unit for a month, as the Central Power Purchasing Agency (CPPA) has submitted a formal request to the National Electric Power Regulatory Authority (Nepra) in this regard.

The request for the price hike has been made in terms of monthly fuel adjustment for February, for which Nepra is set to conduct a hearing on March 28. If approved, the updated electricity tariff will impose a significant financial burden on consumers, estimated to exceed Rs40 billion.

According to CPPA’s data, 6.876 billion units of electricity were sold in February, with varying contributions from different energy sources.

The CPPA’s application reveals details of the composition of electricity generation during February. A substantial portion of the electricity, approximately 24.77%, was generated from water sources, highlighting the significance of hydropower in Pakistan’s energy mix. Additionally, local coal accounted for 13.94% of electricity generation, while imported coal contributed 1.89%.