The cost of electricity production jumps 131% in May

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KARACHI: The cost of power generation jumped 131% in May, due to higher prices for coal, RLNG and heating oil (FO), compared to the same month last year, according to the latest figures released on Monday.

The high cost of electricity generation in May led the Central Power Purchasing Authority-Guaranteed (CPPG-A) to request a Rs8 unit increase in electricity bills due to Fuel Charge Adjustment (FCA) for May, on which the National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on June 27, 2022.

According to power generation cost data, the cost of power generation in the country jumped 131% to Rs 13.15 kWh in May 2022 from Rs 5.7 kWh in May 2022. last year. During the month of May, the cost of generating electricity from FO, RLNG and coal prices increased by 135%, 178% and 130% respectively.

On the other hand, the cost of power generation also increased in the first eleven months of the current fiscal year, when it was up 85% compared to the same months last year.

During the months under review, the cost of electricity for FO jumped by 76.5%, RLNG by 114% and coal by 82%. Power generation data showed it increased 12.7% year-on-year to 14,657 GWh (19,700 MW) in May 2022 from 13,010 GWh (17,486 MW) in May 2021.

From July to May of FY22, electricity production also increased by 11.6% year-on-year to 129,317 GWh (16,084 MW), compared to 115,862 GWh (14,411 MW) in the months correspondents from last year.

Generation mix data revealed that coal-fired power generation fell 23% year-on-year to 2,018 GWh. Electricity production from FO and nuclear increased by 67%, 49% and 93%, respectively.

Electricity production increased and represented 13% of the entire energy mix in May 2022, compared to only 10% in the same month in 2021.

In May, Hydel was the main source of electricity generation, accounting for 24% of the generation mix with 3,591 GWh generated in May 2022, compared to 3,465 GWh generated in the same month last year, an increase of 4%.

Electricity production from the RLNG improved by 19% to 3,355 GWh in May 2022, compared to 2,829 GWh generated in May 2021, while representing 23% of the energy mix. Electricity production from coal accounted for 14% of production.

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