K-Electric (KE) has requested a reduction of Rs4.84 per unit in electricity prices under the Fuel Charges Adjustment (FCA), potentially providing Rs4.69 billion in relief to Karachi consumers.
During a hearing at NEPRA’s headquarters, KE officials attributed the proposed reduction to lower electricity purchase costs, highlighting that no power was generated using furnace oil last month.
NEPRA Member Rafiq Ahmed Sheikh questioned whether electricity consumption had fallen by 8% annually and sought explanations for the trend. KE officials pointed to lower temperatures, decreased industrial activity due to economic conditions, and increased reliance on solar energy.
NEPRA has directed KE to submit a detailed report on the decline in electricity consumption. Additionally, all distribution companies (DISCOs) have been asked to provide information on interest earnings from net metering consumers’ funds.