Wednesday, June 19, 2024

KE Reassures Customers on Supply Tariff Petition

K-Electric (KE) emphasizes that its recent Supply Tariff petition submitted to the National Electric Power Regulatory Authority (NEPRA) will not affect customer bills. The petition, part of KE’s Multi-Year Tariff for FY 2023-24 to FY 2029-30, addresses various cost components necessary for ensuring reliable electricity supply amid a growing customer base.

Despite the petition, the price of electricity reflected in customers’ monthly bills remains subject to the government's uniform tariff policy, ensuring consistent charges across customer categories nationwide.

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As a vertically integrated utility managing generation, transmission, and distribution, nearly 90 percent of the petitioned costs pertain to sustaining a dependable electricity supply with minimal disruptions. The remaining components are aimed at bolstering cashflows, mitigating operational risks, and encouraging regular bill payments amidst evolving macroeconomic conditions, such as fluctuations in KIBOR rates.

Read: K-Electric to waive old bills for low-usage consumers: Energy minister

Similar processes are undertaken by distribution companies nationwide under their Multi-Year Tariffs, with NEPRA's last determinations announced in March 2024.

KE’s Multi-Year Tariff petition is presently under NEPRA's review. The company remains steadfast in its commitment to operational efficiency and enhancement through technological innovation and strategic investments.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.
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