ISLAMABAD  -  The consumers of ex-Wapda power distribution companies (Discos) should be ready to face another hike in electricity tar­iff as six Discos have sought Rs 967 billion revenues require­ment on account of indexation of tariff components and other costs for year 2024-25.

Separate petitions filed by six power distribution companies with Nepra sought revenue re­quirements under multi-year tariff petitions, for annual in­dexation/adjustments of dif­ferent components of its rev­enue requirement, under Multi Year Tariff (MYT) regime, for FY2024-25 regarding determi­nation of distribution margin along with prior years adjust­ments. The Authority has al­ready determined tariff of these Discos under Multi Year Tariff (MYT) Regime for a period of five years i.e., from FY 2020-21 to FY 2024-25, and now in compliance of the adjustment mechanism provided in its no­tified MYT determination, Con­sumer End Tariff Methodology (Guidelines), 2015 and as per the amended NEPRA Act, the Discos filed request for adjust­ment /indexation of different components of its revenue re­quirement for the FY 2024-25.

In its petition, Gepco has sought total revenue require­ment of Rs 376.2 billion which included Rs 15.5 billion for salaries, Rs 13.1 billion for post retirements benefits, Rs 47.8 bil­lion gross margins, Rs 43 billion net margins and Rs 19 billion prior year adjustment. Mepco has sought revenue requirement of Rs 160 billion for indexation of tariff components and other costs for the year 2023-24. It has sought an amount of Rs 20.9 billion for pay and allowance, Rs 24 billion for post-retirement benefits, Rs 78.3 billion for gross margin and Rs 72 billion on ac­count of net margins. Qesco sought Rs 236 billion revenue requirements which included Rs 9.1 billion for pay and allow­ance, Rs 2.68 billion for post-re­tirement benefits, Rs 31.8 billion for gross margin and Rs 29 bil­lion on account of net margins. It also included Rs 13.9 billion prior year adjustment. 

Tesco sought the regulator nod to allow revenue require­ment of Rs 92 billion. It also included an amount of Rs 1.47 billion for pay and allowance, Rs 565 million for post-retirement benefits, Rs 6.8 billion for gross margin and Rs 6.30 billion on account of net margins. It also included Rs 941 million wheel­ing charges and Rs8.17 billion prior year adjustment. Similarly, Pesco sought Rs 67.2 billion revenue requirements which included Rs 18.8 billion for pay and allowance, Rs 14 billion for post-retirement benefits, Rs 57.7 billion for gross margin and Rs 52.6 billion on account of net margins. It also included Rs 10.6 billion prior year ad­justment. Sepco seeks revenue requirement of Rs 35.7 billion which included Rs 20.6 billion for O&M costs, Rs 1.8 billion de­preciation cost, Rs 28,9 billion for gross margin and Rs 26.5 billion on account of net mar­gins. It also included Rs 9.2 bil­lion prior year adjustment. They have approached the power reg­ulator to allow increase in elec­tricity rates to recover multibil­lion rupees from the consumers. The power regulator will held a public hearing on April 2 to take decision in this regard.