by ISLAMABAD: K Electric customers got a big discount in bills, which will be applicable in January 2025.
According to details, the National Electric Power Regulatory Authority (NEPRA) has issued its decision on K Electric’s request for temporary monthly fuel charge adjustment for October 2024.
Under which a discount of Rs 0.492 per unit will be given, which will be applied in the bills of consumers in January 2025.
Fuel charge adjustments depend on fluctuations in global prices of fuels used for power generation and changes in the generation mix. These charges are reflected in consumer bills after verification and approval by Nepra.
When global fuel prices are low, consumers also benefit from the reduction in their bills. The amount to be charged on consumer bills is determined by the NEPRA authority, while notification is issued by the federal government.
As per the decision of the regulatory authority, the FCA will be applicable to all consumer categories, except electric vehicle charging stations (EVCS), lifeline consumers, prepaid metering and agricultural consumers.
Be careful. Electric (KE) is a public listed company, which was established in 1913 and after the formation of Pakistan, it was incorporated in Pakistan under the name of KESC. The company was privatized in 2005.
K. Electric is Pakistan’s only vertically integrated power utility, supplying electricity to Karachi and its adjoining areas.
66.4 percent of the company’s majority shares (shares) are owned by KES Power, a consortium of investors, including Saudi Arabia’s Al Jumaa Power Limited, National Industries Group (Holding) Kuwait and Infrastructure and Growth Capital Fund (IGC). GCF) are included. The Government of Pakistan also holds 24.36 percent shares in the company. The remaining shares are listed as free float shares.
