SHC suspends orders challenged by K-Electric in tariff appeals

October 08, 2026 (MLN): The Sindh High Court (SHC) has suspended, in the interim, the notifications and orders concerning the review of the Multi-Year Tariff (MYT) FY24-FY30 of K-Electric Limited (PSX: KEL). It passed the ad-interim orders on October 07, 2026, and issued notices to the respondents, according to a notice sent to the Pakistan Stock Exchange (PSX) and a statement by a K-Electric spokesperson.

The company challenged the judgments of the NEPRA Appellate Tribunal, all dated September 23, 2026, in respect of its tariff appeals. It also challenged NEPRA's review determinations, all dated October 20, 2025, and the subsequent notifications issued by NEPRA on September 23, 2026.

The Ministry of Energy (Power Division) notification dated September 27, 2026 was challenged as well. The development is in continuation of the company's earlier disclosure of September 24, 2026.

The company's position before the court is that NEPRA holds the authority to review a tariff determination, but such a process cannot amount to a fresh re-determination of the tariff. KE also maintained that the review determinations had a substantial adverse impact on its MYT for the control period from FY2024 to FY2030, making it financially unsustainable.

The court observed that the points raised merit consideration, suspended the impugned notifications and orders in the interim, and fixed the matter for hearing.

The spokesperson said KE will continue to pursue the matter through appropriate legal and regulatory forums.

The company remains committed to working towards a fair, cost-reflective and sustainable tariff framework that protects consumers while ensuring the long-term reliability and viability of Karachi's power infrastructure.

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