ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Monday cleared Rs1.29 per unit additional fuel cost adjustment (FCA) for consumers of K-Electric on account of electricity consumed in February with a revenue effect of Rs1.2 billion.

The public hearing on KE’s request for a Rs3.45 per unit increase in its monthly FCA was presided over by Nepra Chairman Tauseef H. Farooqui. The Karachi-based power utility had demanded that additional FCA would help recover about Rs3.04bn additional expenses on fuel it had incurred in February on top of reference tariff. The Nepra case officers reported that on the basis of KE’s petition the FCA impact worked out to be Rs3.95 per unit and not Rs3.45 per unit as claimed by the utility. After various disallowances on account of heat rate and other calculations, the Nepra team worked out the FCA at Rs1.29 per unit for February.

On a question from the Nepra chairman about the power cuts, the KE’s representatives reported that except for a recent problem for about half an hour there was no load shedding in the city. This was challenged by some consumers who demanded that Nepra should conduct a survey about the loadshedding in the city through Nepra’s regional office in Karachi. The consumers also protested as to why load shedding was taking place in low loss high recovery areas.

The Nepra team, however, suggested that affected consumers should file their complaints to its regional office. The Nepra chairman suggested the company required to upgrade its technology to ensure that paying consumers do not suffer on account of non-payment by other consumers on the same feeder. However, he conceded it would take time.

A representative of the Karachi Chamber of Commerce and Industry (KCCI) said the industry rejected the new FCA while it was already paying FCA for January.

Published in Dawn, April 5th, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

UNGA speech
25 Sep, 2022

UNGA speech

CRISES test a nation’s resilience but also provide opportunities to rise and move forward. Prime Minister Shehbaz...
Dar’s return
Updated 25 Sep, 2022

Dar’s return

Dar will now be expected by his party to conjure up fiscal space for the govt to start spending ahead of the next elections.
Iran hijab protests
25 Sep, 2022

Iran hijab protests

FOR over a week now, Iran has been witnessing considerable tumult after a young woman died earlier this month in the...
Post-flood economy
Updated 24 Sep, 2022

Post-flood economy

WITH a third of the country — especially Sindh and Balochistan — under water, over 33m people displaced, and...
Panadol shortage
24 Sep, 2022

Panadol shortage

FROM headaches to fever to bodily pain — paracetamol is used ubiquitously in Pakistan as the go-to remedy for most...
Star-struck cops
24 Sep, 2022

Star-struck cops

IN this age of selfies and social media, it is easy to get carried away in the presence of famous people, even if ...