K-Electric proposes Rs4.84 per unit relief in January FCA

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MG News | March 13, 2025 at 08:00 PM GMT+05:00

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March 13, 2025 (MLN): K-Electric has submitted a provisional monthly fuel charge adjustment (FCA) request for January 2025, proposing a relief of Rs4.84 per kWh for its customers.

The National Electric Power Regulatory Authority (NEPRA) will conduct a public hearing on March 20, 2025, after which it will announce the final FCA amount to be passed on to customer bills and the period for which it will be applicable.

This marks the fifth consecutive FCA adjustment providing relief to K-Electric customers.

The previous FCAs included 0.18 paisa for September 2024, 0.49 paisa for October 2024, Rs1.23 for November 2024, and Rs3.0 for December 2024.

Fuel charge adjustments arise due to global fluctuations in fuel prices and changes in the generation mix.

When fuel prices rise, the increase is reflected in electricity bills, and conversely, when prices decline, the benefit is passed on to customers through reduced FCA.

K-Electric has also highlighted adjustments related to part load, degradation curves, and startup costs following the determination of the Generation Tariff for KE power plants post-June 2023.

The company has requested NEPRA to consider recovering these costs from the negative fuel cost variation, ensuring that consumers are not burdened in the future.

All FCAs are calculated as per regulatory guidelines and are included in customer bills only after NEPRA’s scrutiny and approval, as per the press release issued today.

K-Electric (KE) is a public listed company incorporated in 1913 as Karachi Electric Supply Company (KESC) and was privatized in 2005.

It is Pakistan’s only vertically integrated power utility, supplying electricity to Karachi and its adjoining areas.

The majority shareholding (66.4%) of KE belongs to KES Power, a consortium that includes Al-Jomaih Power Limited (Saudi Arabia), National Industries Group (Holding) (Kuwait), and the Infrastructure and Growth Capital Fund (IGCF).

The Government of Pakistan owns 24.36% shares, while the remaining shares are publicly listed as free float shares.

Copyright Mettis Link News

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