On account of the fuel costs adjustment (FCA) for December 2022, the National Electric Power Regulatory Authority on Tuesday granted a reduction of Rs10.8 per unit for K-Electric customers.
Chairman of the power regulator Tauseef H. Farooqi presided over the hearing of KE’s fuel charges adjustment, a method by which the price of electricity is modified as fuel prices vary.
The chairman claimed in a statement that KE customers will receive more than Rs12.7 billion in relief as a result of the electricity tariff cut.
The NEPRA ordered all KE to individually show the change in the consumer’s bills for March in a statement.
This shall apply to all consumer categories except:
- Lifelines consumers
- Domestic consumers who consume up-to 300 units
- Agriculture consumers
- Electric vehicle charging stations
It was also made clear that residential clients using Time of Use (ToU) metres, regardless of their usage level, are subject to the negative adjustment on account of monthly FCA.
FCA is based on changes in fuel prices throughout the world and is passed on to consumers in accordance with NEPRA and the Pakistani government’s established norms and regulations.
After carefully examining the statistics for a month in which the fuel charges were recovered from the consumers, NEPRA approves the recommendation suggested by the power distribution firms.
