Advertisement
News

K-Electric Seeks NEPRA’s Approval for Rs3.09/Unit FCA

Advertisement

K-Electric has requested provisional approval from the National Electric Power Regulatory Authority (NEPRA) to implement a Fuel Charges Adjustment (FCA) of Rs3.09 per unit for July 2024. The adjustment aims to recover an additional Rs6.206 billion, largely due to a 47.5% increase in fuel costs driven by a 73% surge in generation costs.

NEPRA has scheduled a public hearing for August 29, 2024, to review the data provided by K-Electric concerning the fuel price fluctuations for July. This FCA proposal is based on the Central Power Purchasing Agency’s (CPPA) fuel cost for the month and uses March 2023 as an interim tariff reference.

K-Electric states that the fuel and power purchase costs are calculated according to the Economic Merit Order, ensuring that no late payment surcharges or interest are included. The final decision on the FCA will be made by NEPRA following the public hearing.

Advertisement
News Desk

Recent Posts

Karachi Traders Report Disappointing 2025 Eid Sales

Despite crowded markets and high expectations, Karachi’s traders have expressed disappointment over sluggish sales during…

4 hours ago

PM Announces Reduced Electricity Tariff: Here’s What You’ll Pay Now

Prime Minister Shehbaz Sharif has announced a reduction in electricity tariffs, lowering the national average…

4 hours ago

Farhan Saeed and Kinza Hashmi Star in Highly Anticipated Drama Shirin Farhad

The much-anticipated drama Shirin Farhad has officially hit the screens, and fans can’t stop talking…

4 hours ago

PepsiCo Pakistan Continues “Filling Hearts” Initiative, Distributing 750,000+ Meals to Communities

PepsiCo Pakistan is advancing its food security efforts this Ramadan through the "Filling Hearts" initiative,…

4 hours ago

BYD Reports Record-Breaking Revenue of RMB 777.1 billion in 2024

BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved…

1 week ago

Eid in Dubai: All You Need to Know

Eid in Dubai is a time of joy, celebration, and togetherness, bringing a unique blend…

1 week ago