Seven-year MYT covering FY2017–2023: KE seeks claims adjustment of over Rs58bn

ISLAMABAD: K-Electric (KE) has approached National Electric Power Regulatory Authority (Nepra) for adjustment of claims exceeding Rs58 billion under its seven-year Multi-Year Tariff (MYT) covering FY2017–2023.

The regulator is scheduled to hold a public hearing on April 22, 2026, to scrutinise the data submitted by the utility and hear the views of the Power Division and consumer representatives.

According to a notice issued by Nepra, KE has sought an End of Term Adjustment (EoTA) of Rs43.6 billion under its MYT determination. The key components of this claim include Rs23.4 billion on account of working capital costs, Rs11.05 billion due to exchange rate impact on return on equity, and Rs10.4 billion linked to adjustments in working capital requirements. However, Rs1.3 billion has been deducted due to investments not incurred.

In addition to the EoTA, KE has requested Rs15.3 billion under tax pass-through and other adjustments. This includes Rs7.5 billion for taxes paid in 2023, Rs3 billion as additional tax liability for 2022, and Rs4.1 billion related to minimum tax for the period 2018–2021. Smaller claims include Rs461 million under WWF/ WPPF pass-through and Rs261 million in pending adjustments related to power purchases.

Copyright Business Recorder, 2026