ANL 16.20 Decreased By ▼ -0.18 (-1.1%)
ASC 14.63 Increased By ▲ 0.95 (6.94%)
ASL 20.04 Decreased By ▼ -0.41 (-2%)
BOP 8.55 Decreased By ▼ -0.05 (-0.58%)
BYCO 7.53 Increased By ▲ 0.24 (3.29%)
FCCL 17.50 Increased By ▲ 0.11 (0.63%)
FFBL 23.15 Increased By ▲ 1.68 (7.82%)
FFL 15.25 Increased By ▲ 0.35 (2.35%)
FNEL 7.35 Increased By ▲ 0.05 (0.68%)
GGGL 17.15 Increased By ▲ 0.74 (4.51%)
GGL 29.95 Increased By ▲ 0.10 (0.34%)
HUMNL 5.96 Increased By ▲ 0.17 (2.94%)
JSCL 20.68 Increased By ▲ 0.28 (1.37%)
KAPCO 28.99 Increased By ▲ 0.31 (1.08%)
KEL 3.48 Increased By ▲ 0.03 (0.87%)
MDTL 2.11 Decreased By ▼ -0.09 (-4.09%)
MLCF 33.60 Increased By ▲ 0.18 (0.54%)
NETSOL 106.00 Decreased By ▼ -1.55 (-1.44%)
PACE 4.33 Decreased By ▼ -0.17 (-3.78%)
PAEL 27.95 Increased By ▲ 0.75 (2.76%)
PIBTL 8.70 Increased By ▲ 0.10 (1.16%)
POWER 6.90 Decreased By ▼ -0.03 (-0.43%)
PRL 17.18 Increased By ▲ 0.87 (5.33%)
PTC 9.30 Increased By ▲ 0.12 (1.31%)
SILK 1.44 No Change ▼ 0.00 (0%)
SNGP 42.33 Increased By ▲ 0.27 (0.64%)
TELE 16.45 Decreased By ▼ -0.09 (-0.54%)
TRG 135.78 Decreased By ▼ -2.22 (-1.61%)
UNITY 29.90 Increased By ▲ 1.40 (4.91%)
WTL 2.40 Decreased By ▼ -0.05 (-2.04%)
BR100 4,668 Increased By ▲ 50.21 (1.09%)
BR30 20,892 Increased By ▲ 107.28 (0.52%)
KSE100 44,822 Increased By ▲ 487.85 (1.1%)
KSE30 17,521 Increased By ▲ 178.45 (1.03%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,252
2424hr
Pakistan Cases
1,263,664
89324hr
1.7% positivity
Sindh
465,175
Punjab
437,572
Balochistan
33,114
Islamabad
106,402
KPK
176,650

ISLAMABAD: Power Division (PD) is said to have proposed to Economic Coordination Committee (ECC) of the Cabinet to adjust pending tariff claims of Karachi Electric (KE) amounting to Rs 101 billion against its payables towards CPPA-G, well informed sources told Business Recorder.

Sharing the details, sources said, National Electric Power Regulatory Authority (Nepra) determined and recommended the Multiyear Tariff (MYT) on July 05, 2018 for Karachi Electric Limited (KEL) under Section 31(7) of “Regulation of Generation Transmission and Distribution of Electric Power Act, 1997 (the NEPRA Act) read with Rule 17 of the NEPRA (Tariff Standards and Procedure) Rules, 1998 (the Tariff Rules).

The tariff determined by the Nepra, was duly notified by the Federal Government on May 22, 2019. Further, quarterly tariff adjustments determined by Nepra on December 31, 2019 of eleven quarters, on the basis of last quarter April-June 2019, tariff was notified on October 12, 2020 to maintain uniform tariff in the country pursuant to ECC of the Cabinet decision of March 26, 2020.

Power Division finalises new draft PPA with KE along with disputes

The sources said, in Discos the difference, between actual cost of supplying power and reference rates, passed on to consumers prospectively through Fuel Cost Adjustment (FCA) and QTAs (Quarterly tariff adjustments) mechanism.

However, in the case of KE the reference rates (fuel and capacity) are rebased on quarterly basis through “mechanisms for adjustments as provided in MYT tariff determined by Nepra and accordingly the difference in actual and reference rates relates for previous period cannot be charged to consumers prospectively and hence to be paid through GoP subsidy, if required".

Copyright Business Recorder, 2021

Comments

Comments are closed.