Power tariffs raised by Rs1.15

On Wednesday, the National Electric Power Regulatory Authority (Nepra) approved an extra nationwide charge of Rs1.15 per unit for electricity users nationwide, including K-Electric. Additionally, the process of imposing an additional Rs1.72 per unit on K-E customers for the ensuing three months, from January to March 2024, was completed.

After Nepra notifies it in a few days, K-Electric customers will effectively have to pay an additional cumulative cost of Rs2.87 per unit for the next three months of January to March in order to clear the backlog caused by quarterly tariff adjustments and implement a uniform regulatory regime nationwide without showing favouritism or discrimination, despite varying loss and efficiency levels of different power supply companies.

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“The authority hereby permits the consumers of ex-Wapda distribution companies (XWDISCOs) to recoup the positive quarterly adjustments of Rs22.297 billion pertaining to the first quarter of the FY2023–24 within a period of three months, i.e. January 2024 to March 2024,” according to a Nepra decision. Due to variations in capacity charges, variable operations and management, additional recovery on incremental sales, use of system charges, market operator fee, and fuel cost adjustment (FCA) impact on gearbox and dispatch losses for the quarter (July-September FY2023-24), a positive adjustment of Rs22.297 billion has been allowed.