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Power Generation Soared 10.3% in October

Date: November 22, 2021 Author: Web Desk Category: Market Short URL Comments: 0

Power generation went up by 10.3 percent year on year (YoY) to 11,296 GWh (15,183 MW) during Oct’21, compared to 10,243 GWh (13,767 MW) during Oct’20.

This rise is due to higher generations from Nuclear, FO, and Wind, according to research published by Arif Habib Limited.

Major contributors during October 2021 were RLNG (24 percent), Hydel (23 percent), Coal (17 percent), Nuclear (12 percent), FO (11 percent), Gas (10 percent), Wind (1.6 percent), and Solar (0.5 percent). During the month, Nuclear, FO, Wind, Solar, and HSD-based power generation went up by 95 percent, 8.0x, 38 percent, 0.2 percent, and 8.7x YoY, respectively.

However, RLNG, Hydel, Coal, Gas, and Bagasse-based generation declined by 5 percent, 17 percent, 2 percent, 5 percent, and 68 percent YoY, respectively. During October 2021, fuel cost for power generation increased by 126 percent YoY to PKR 9.30/KWh mainly due to a rise in FO, coal, RLNG, and gas-based cost of generation. In addition, hydel-based generation also dipped by 17 percent YoY.

Fuel Costs have jumped by 126%

The rise in fuel cost by 126 percent YoY to PKR 9.30/KWh during Oct’21 was led by the following reasons:

• RLNG-based cost of generation increased by 156 percent YoY to PKR 16.75/KWh due to 125 percent

• YoY rise in RLNG prices to PKR 2,715/MMBtu (USD 15.78/MMBtu)

• Coal-based cost of generation went up by 76 percent YoY to PKR 11.37/KWh during Oct’21 due to a 294 percent YoY rise in coal prices

• FO-based cost of generation increased by 74 percent YoY to PKR 21.23/kWh

• Gas-based cost of generation jumped up by 19 percent YoY to PKR 7.98/kWh

• Hydel based generation decreased by 17 percent YoY

• In order to reduce the country’s reliance on fuel during winters, the National Electric Power Regulatory Authority (NEPRA) has approved a seasonal package to encourage electricity consumers to rely more on electricity rather than gas during the winter season. The reference period for the seasonal package will be November 2020 to February 2021, and power users who would consume more electricity than the reference period will be given a discount of Rs. 12.96 on incremental consumption after 300 units.

• The winter package was formulated by the Ministry of Energy and submitted to NEPRA recently. It will be applicable countrywide from 1 November 2021 till 28 February 2022.

Source: Pro Pakistani