NEA Fixes Rates for Charging Electric Vehicles

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NEA Fixes Rates for Charging Electric Vehicles

February 12: Nepal Electricity Authority has fixed the rates of charging electric vehicles for the first time. The NEA has fixed separate prices for charging private and public vehicles from charging stations. However, the rates are subject to approval from the regulatory board.

With the rise in use of electric vehicles in Nepal, the NEA is expanding charging stations to cover 50 areas in the capital its surroundings as well as some highways.

The NEA decided to fix the price as it plans to increase the number of stations while some private charging stations are already in operation.

At present, companies selling electric vehicles and Sundar Yatayat are operating charging stations on their own. However, there wasn’t any criteria for collecting amount for charging vehicles at those stations until the NEA came up with the price list.

The NEA has already forwarded the price list for approval from the Electricity Regulatory Commission. The NEA has proposed the price based on “time-of-day model” where the customers will not have to pay any “demand charge”.

The NEA has set different rates during peak hours in the evening, off-peak hour and at other time of the day. As per the proposal, the cost of charging electricity is between Rs 8.4 to Rs 11.7 between 5 pm to 11 pm. The rate of charging between 11 pm to 5 am is Rs 4.45 per unit.

Likewise, the rate for charging electric vehicles between 5 am to 5 pm is Rs 6.6 to Rs 10.3 per unit.

Chairman of Sundar Yatayat Bhesh Bahadur Thapa said that the proposed rates are quite expensive.

The company has been currently paying Rs 10.5 per unit to the NEA from two of its charging stations.

 

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