Advertisement
Categories: News

NEPRA Holds Hearing on KE’s Fuel Charge Adjustments for 9 Months

Advertisement

The National Electric Power Regulatory Authority (NEPRA) convened a public hearing on May 9, 2024, to discuss K-Electric’s (KE) request for provisional monthly fuel charge adjustments (FCA) spanning July 2023 to March 2024. KE’s proposed adjustments, ranging from PKR 1.6 to 2 per month, aim to align with the average FCA of PKR 2.89 for customers of other power distribution companies during the same period.

KE has presented three scenarios for the FCA and awaits NEPRA’s approval on any of them. NEPRA will issue guidelines on the per unit cost and recovery period of the FCAs, clarifying the impact on customer bills in a subsequent notification.

During the interactive hearing, both in-person and online customers raised queries regarding the provisional FCA. Responding to concerns about cheaper generation sources, KE’s CEO outlined plans to introduce 640 MW of affordable power from wind and solar within the next two years, alongside efforts to incorporate cost-effective indigenous fuel sources.

Fuel Charge Adjustments (FCAs) are a regulatory mechanism reflecting changes in generation mix and global fuel prices for electricity production, with final determinations issued by NEPRA, preventing unilateral changes by individual Distribution Companies.

Advertisement
Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

Recent Posts

Fatima Fertilizer’s Sarsabz Tabeer launches healthcare initiative in collaboration with MASH and the Government of Punjab

As part of its ongoing commitment to empower rural women and female farmers, Fatima Fertilizer,…

1 hour ago

Payoneer Hosted “Game Leaders Connect 2025” to Power Global Growth for Pakistan’s Gaming Industry

Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, hosted Payoneer’s…

2 hours ago

foodpanda launches Pakistan’s first multi-brand dining destination, ‘The Commune’

foodpanda, Pakistan’s leading online delivery platform, has announced the grand opening of "The Commune by…

3 hours ago

Why Did Temu & AliExpress Prices Suddenly Increase in Pakistan?

Pakistani shoppers were left shocked this week as prices on popular e-commerce platforms Temu and…

3 hours ago

Petrol, Diesel Prices May Surge by Up to Rs15/Litre

The government is preparing to impose another steep increase in petroleum prices, dealing a fresh…

1 day ago

Sindh Bank selects PTCL to enhance Bank’s Digital Connectivity Infrastructure

Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of…

1 day ago