The National Electric Power Regulatory Authority (NEPRA) has completed its hearing on K-Electric’s (KE) proposal for Rs 0.51 per unit increase under the fuel charge adjustment (FCA) for August 2024.
NEPRA is expected to announce its decision after the public hearing, detailing the FCA amount to be added to customer bills and the timeframe for its application.
Additionally, K-Electric has sought a Rs 3.09 per unit rise for July 2024. The hearing for this request was concluded on August 29, and a decision is pending regarding the final amount and the billing month in which it will be applied.
“By comparison, KE’s request for August 2024 reflects a net decrease of PKR 2.58 rupees per unit as compared to its requested FCA for July 2024,” the power utility said in a statement.
“Fuel charge adjustments are incurred by utilities due to global variations in fuel prices used to generate electricity, and the changes in generation mix. These costs are reflected in customer bills following NEPRA’s scrutiny and approval. Customers also benefit from negative FCA in their bills when global fuel prices decrease. Rates charged to customer bills are determined by NEPRA and notified by the Federal Government.”
