K-Electric requests Rs4.95 per unit reduction for December

The National Electric Power Regulatory Authority (NEPRA) has reserved its decision on K-Electric’s request to reduce electricity prices by Rs4.95 per unit for the month of December under the monthly fuel adjustment. The decision will be announced later after a thorough review, Express News reported.

The hearing was conducted regarding K-Electric’s application for the December fuel adjustment, during which the utility company requested a Rs4.95 per unit decrease in electricity rates. K-Electric also sought adjustments for arrears amounting to Rs5 billion.

K-Electric argued that it has accumulated Rs5 billion in arrears due to partial load, open cycle, and startup costs, and requested that this amount be provided. However, the move was met with strong opposition from K-Electric consumers.

One consumer stressed that the full benefit of the monthly fuel adjustment should be passed on to the public. Concerns were also raised about the ongoing issue of load shedding in commercial areas of Karachi and the non-implementation of the industrial support package in the city.

NEPRA officials noted that K-Electric has challenged the industrial support package in court.

K-Electric representatives stated that in December, the company generated electricity at a rate of Rs18.60 per unit from its own resources, while the price of electricity from the Central Power Purchasing Agency (CPPA) was Rs9.60 per unit.

After completing the hearing on K-Electric’s request, NEPRA reserved its judgment, which will be issued after a review of the data and calculations. A final decision and notification will follow.