Islamabad:

Electricity consumers in Karachi are set to enjoy a relief of RS6.62 per year. Unit in electricity bills due to fuel charges adjustment (FCA) for February 2025.

KE consumers have had a relief in the prices of electricity over the past few months due to a reduction in energy prices used in electricity generation.

The latest proposed adjustment continues to reflect fluctuations in energy prices and offers additional respite in the form of lower taxes.

According to details, the National Electric Power Regulatory Authority (NEPRA) has planned a public consultation for April 16 to consider KE’s request for a preliminary negative FCA of RS6.62 per year. Unit for February 2025.

Sources reveal that KE has submitted the FCA arrival using the preliminary reference paragraph from March 2023 and reports a negative variation of RS6,662 billion in fuel costs during that month.

KE has also requested that NEPRA consider the adjustment of pending actualized fuel cost components – related to partial load, open cycle operations, degradation curves and start -up costs – accumulated from July 2023 to February 2025.

KE claims that RS13.9 billion remains unjusted, of which RS7.4 billion had already been set aside in FCA decisions for November and December 2024.

The power tool has called on NEPRA to allow to recover the remaining adjustment from the negative FCA amounts in January and February 2025 and argues that this would avoid putting a financial burden on consumers at a later date.

NEPRA has identified three key questions for consideration during the upcoming consultation on K-ELECTRICS FCA request.

These include whether the requested negative adjustments to fuel taxes for February 2025 are justified whether KE is complied with the Meritorren when sending electricity from its own power plants and providing power from external sources.

In addition, it has also called for considerations as to whether the tool’s request to adjust actualized fuel costs – from partial load operations, open cycle use, degradation curves and start -up costs – from July 2023 to February 2025, are justified in accordance with the applicable regulatory framework.

NEPRA has invited interested stakeholders to submit written or oral comments, and the details of KE’s petition, relevant rules and decisions are available on NEPRA’s website.