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KE seeks tariff reduction of Rs9.71 per unit

 



The power tariff is likely to be reduced significantly by Rs9.71 per unit due to fuel costs and quarterly adjustments, which will be a welcome relief for Karachi's electricity consumers at a time of skyrocketing inflation and rising cost of living.


According to a statement issued by the regulator, the National Electric Power Regulatory Authority (Nepra) has announced that it will hold a public hearing on November 30 regarding a petition submitted by K-Electric (KE) regarding a fuel cost adjustment (FCA) for October 2022 and quarterly adjustment for July-September 2022.


Since July, KE has filed a total of four petitions for negative FCAs, each of which requests a tariff reduction of Rs1.88 per unit for October 2022.


Additionally, KE has asked the regulator to approve a Rs 7.83 per unit pricing reduction as part of the quarterly adjustment for July through September 2022.


The focus of the hearing will be on whether or not the fuel price fluctuation is justifiable. Additionally, it will consider whether the requested quarterly variation is appropriate and if KE complied with the merit order when operating its power plants and purchasing electricity from outside sources.


On account of FCA for October 2022, consumers of other power distribution companies (DISCOs) will see a rate increase of Rs0.2457 per unit.


The cost of fuel has increased by Rs0.2457 per unit, according to a petition submitted by the Central Power Purchasing Agency-Guarantee (CPPA-G) on behalf of DISCOs.

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