AGL 6.45 No Change ▼ 0.00 (0%)
ANL 9.70 Increased By ▲ 0.20 (2.11%)
AVN 77.60 Increased By ▲ 2.65 (3.54%)
BOP 5.43 Increased By ▲ 0.08 (1.5%)
CNERGY 4.97 Increased By ▲ 0.17 (3.54%)
EFERT 77.25 Decreased By ▼ -0.75 (-0.96%)
EPCL 55.49 Increased By ▲ 1.34 (2.47%)
FCCL 15.36 Increased By ▲ 0.36 (2.4%)
FFL 6.48 Increased By ▲ 0.28 (4.52%)
FLYNG 7.47 Increased By ▲ 0.46 (6.56%)
GGGL 10.45 Increased By ▲ 0.40 (3.98%)
GGL 16.39 Increased By ▲ 0.45 (2.82%)
GTECH 8.37 Increased By ▲ 0.52 (6.62%)
HUMNL 6.45 Increased By ▲ 0.18 (2.87%)
KEL 2.93 Increased By ▲ 0.10 (3.53%)
LOTCHEM 28.34 Increased By ▲ 0.69 (2.5%)
MLCF 28.08 Increased By ▲ 1.08 (4%)
OGDC 73.85 Increased By ▲ 0.50 (0.68%)
PAEL 15.55 Increased By ▲ 0.25 (1.63%)
PIBTL 5.35 Increased By ▲ 0.20 (3.88%)
PRL 17.39 Increased By ▲ 1.29 (8.01%)
SILK 1.07 Increased By ▲ 0.03 (2.88%)
TELE 10.96 Increased By ▲ 0.51 (4.88%)
TPL 7.81 Increased By ▲ 0.12 (1.56%)
TPLP 19.66 Increased By ▲ 0.44 (2.29%)
TREET 23.85 Increased By ▲ 1.10 (4.84%)
TRG 126.90 Increased By ▲ 11.00 (9.49%)
UNITY 23.06 Increased By ▲ 1.26 (5.78%)
WAVES 11.55 Increased By ▲ 0.40 (3.59%)
WTL 1.14 Increased By ▲ 0.02 (1.79%)
BR100 4,126 Increased By 86.6 (2.14%)
BR30 15,495 Increased By 511.5 (3.41%)
KSE100 41,152 Increased By 531.3 (1.31%)
KSE30 15,420 Increased By 206.9 (1.36%)
Follow us

ISLAMABAD: Power Division has reportedly requested Cabinet Division to expedite final approval of Rs1.55 per unit hike for K-Electric consumers under the quarterly tariff adjustment (QTA) mechanism for ensuring uniform tariff across the country.

This raise will be in addition to what was recently approved by the National Electric Power Regulatory Authority (Nepra) a couple of days ago.

Power Division’s Section Officer Syed Mateen Ahmed in a letter to Cabinet Division has stated that the ECC considered the summary on July 20, 2022 and recommended it for approval of Federal Cabinet. However, Cabinet approval/ ratification has not yet been conveyed to Power Division.

He said the matter is of urgent importance as it involves financial implication for power sector. The billing cycle for the month of August starts from August 7, 2022 and in order to implement the recovery during next three months there is a need for approval of Government to submit motion for change in schedule of tariff before Nepra well in time.

Power Division has requested Cabinet Division to share updated status on the matter and requested to expedite the matter to enable it for proceeding ahead for filing the motion before Nepra in time and avoid any financial loss to the sector.

FCA mechanism: KE’s tariff for June hiked by Rs11.10/unit

Earlier, in its summary to the ECC, Power Division stated that under section 31(7) of the Nepra Act, NEPRA, in its determinations for Discos of June 16, 2022, has determined periodic adjustment in tariff for 2nd Quarter of FY 2021-22 for Discos. In light of determination, Nepra has recommended a uniform rate for the 2nd Quarterly Adjustment of FY 2021-22 for the consumers of Discos for the three-month period.

According to Power Division, in accordance with the National Electricity Policy, 2021, the Government may maintain a uniform consumer-end tariff for K-Electric and state-owned Discos (even after privatisation) through incorporation of direct/ indirect subsidies. Accordingly, KE applicable uniform variable charge is required to be modified to maintain the uniform tariff across the country which will result in an impact of tariff increase of Rs 1.5547/unit with recovery period of three months.

Keeping in view Nepra’s determination, Power Division submitted following recommendations for consideration and approval of ECC of the Cabinet: (i) The tariff rationalization by way of adjustments may be approved for K-Electric;(ii) Nepra may be approached to issue revised Schedule of Tariff (SoT) determined for the Quarter October to December 2021 or incorporate in the latest Schedule of Tariff being determined by Nepra for the Quarter January to March 2022, after incorporating changes in tariff and upon approval of Nepra, notify it in the official gazette by way of modification in SRO Nos. 575 (1),2019 as modified from time to time; and (iii) such adjustments shall be applicable on the consumption of July 2022, August 2022 and September 2022 to be recovered from consumers in August 2022, September 2022 and October 2022, respectively.

Copyright Business Recorder, 2022


Comments are closed.

Asghar Kazmi Aug 15, 2022 11:08pm
In addition to the raised tariffs and withdrawal of benefit of one previous slab, KE and NEPRA together have now determined to charge citizens of Karachi every month, an exorbitent extra amount of Rs.9 to Rs.11 per unit on units consumed in previous months for which consumers have already made payments. This means that actual unit price has reached to Rs.35 per Unit. This is ridiculous and people should understand and protest strongly against this looting.
thumb_up Recommended (0)