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Home Business & Stock

NEPRA announces major relief to K-Electric consumers

MM News Staff by MM News Staff
November 30, 2022
Reading Time: 1 min read

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has decided to provide major relief to Karachiites by reducing power tariff by Rs7.83 per unit for July to September 2002 and October, and by Rs2.15 per unit on account of fuel cost adjustments (FCAs) for the month of October.

Also read: K-Electric requests NEPRA to reduce power tariff for Karachiites

According to details gathered by MM News, the power regulatory authority conducted a public hearing to consider the proposed reduction, after which it decided to reduce power tariff by Rs2.15 per unit for K-Electric (KE) consumers on account of fuel cost adjustments (FCAs) for the month of October.

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Similarly, NEPRA decided to lower the tariff by Rs7.83 per unit on account of quarterly fuel cost adjustments (FCAs) for July to September 2002 and October.

Also read: CPEC energy projects contribute economic growth, offer low-cost electricity

With the decision of the NEPRA, the K-Electric consumers will get relief of Rs3.59 billion. The NEPRA will release a detailed verdict later. However, the power regulator said that the relief granted for the month of October 2022 will not apply to lifeline customers.

It may be added here that the decision to reduce Rs7.83 per unit approved by the NEPRA will be forwarded to the federal government for final approval.
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