Islamabad:
Karachi electricity consumers will enjoy a relief from RS6.62 per unit in electricity invoices due to fuel charges (FCA) for the month of February 2025.
KE consumers have been enjoying relief in electricity prices in recent months due to a reduction in energy prices used in electricity generation.
The last proposed adjustment reflects continuous fluctuation in energy prices, offering an additional respite in the form of lower charges.
According to the details, the National Regulatory Authority of Electric Power (NEPRA) has scheduled a public hearing for April 16 to consider the application of a provisional negative FCA of RS6.62 per unit for February 2025.
The sources reveal that KE has presented the FCA request using the provisional reference rate of March 2023, informing a negative variation of RS6.662 billion in fuel costs during the month in question.
Ke has also requested that Nepra consider the adjustment of the updated fuel cost components, related to partial load, open cycle operations, degradation curves and starting costs, accumulated from July 2023 to February 2025.
Ke states that RS13.9 billion do not fit, of which RS7.4 billion have already reserved in FCA decisions for November and December 2024.
The energy utility has urged Nepra to allow the recovery of the remaining adjustment of the negative amounts of FCA of January and February 2025, arguing that this would avoid placing a financial burden for consumers at a later stage.
Nepra has identified three key problems for deliberation during the next hearing on the K-Electric FCA application.
These include whether the adjustment of negative fuel charges requested for February 2025 is justified, whether it adheres to the order of merit when sending electricity from its own electrical plants and acquiring energy from external sources.
In addition, it has also urged the deliberation of whether the application of the public services company to adjust the updated fuel costs, praise the partial load operations, the use of the open cycle, the degradation curves and the starting costs, from July 2023 to February 2025, it is justified under the regulatory framework prevailing.
Nepra has invited interested parties to send written or oral comments, and the details of the KE request, the relevant rules and determinations are available on the Neprolish website.
