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NEPRA Opens Review of CPPA’s 2026 Power Price Plan as Capacity Charges Dominate

The regulator says CPPA’s filing is incomplete, prompting a stakeholder review before any decision.

Overview

  • CPPA has proposed a 2026 power purchase price benchmark in the Rs25.69–26.69 per unit range based on projections for demand, fuel costs, the rupee–dollar rate, inflation and borrowing costs.
  • NEPRA member Rafiq Ahmed Sheikh questioned the accuracy of the submission and signaled consultations with industry before setting the benchmark later this year.
  • CPPA data show capacity charges could reach up to 61% of the projected PPP for 2026, highlighting the weight of fixed payments in overall costs.
  • Business groups warn the proposed range would keep electricity expensive and urge conservative exchange-rate assumptions to avoid overstating tariffs.
  • Separately, CPPA seeks a Re0.6508 per unit refund for October under the fuel cost adjustment, with a Nov 27 hearing after hydel and nuclear supplied nearly half of generation and lowered the average fuel cost to Rs8.7177 per unit.