AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

KARACHI: President Karachi Chamber of Commerce and Industry Agha Shahab Ahmed Khan has expressed concerns over K-Electric's lobbying in the press against the proposed APM by NEPRA in the License No.09/DL/2003 dated July 21, 2003 and putting forth flimsy and untenable arguments against modification of KE's license to bring an end to its absolute monopoly over the sale and distribution of electric power to the territory of Karachi.

In an addendum to comments sent earlier on the Authority's proposed modification in existing distribution license of K-Electric Limited sent to Registrar of National Electric Power Regulatory Authority (NEPRA), President KCCI said that the contention of KE that the termination of its exclusivity or in other words the "monopoly" is not in public interest is ridiculous. KE has given some flawed reasoning in support of its argument. In KE's flawed theory, the star/low loss consumers who are KE's primary source of revenue and enable KE to meet its "social obligation costs" would be taken up by new entrants to the distribution market. The statement itself is a testimony to KE's unfair treatment and exploitation of honest consumers.

He said that these consumers are forced to bear the costs and burden of theft, leakages and line losses, while rewarding those involved in theft of electricity in connivance with the KE's field staff who provide illegal connections through use of "Kunda". Ironically, KE calls such shifting of burden to honest consumers "Social Obligation Costs". This is a lame excuse to conceal the deficiencies of KE in identifying and curtailing theft and leakages. Such arguments do not hold any legal ground and are in fact a blatant infringement upon the rights of those consumers who honestly pay their dues to KE.-PR

Copyright Business Recorder, 2020

Comments

Comments are closed.