Unusual RLNG price drives up electricity cost

ISLAMABAD: The cost of regasified liquefied natural gas (RLNG)-based power generation surged by record 242 per cent to Rs47.4 per unit in July, from less than Rs14 in April, after the government purchased five expensive cargoes from the spot market in the month due to the suspension of supplies from Qatar following the US-Iran war. Chiefly because of LNG factor, the power companies have sought a Rs2.52 per unit increase in fuel cost adjustment (FCA) to consumers across the country in Septembe...

By [email protected] (Khaleeq Kiani)