K-Electric to spread FCA for May, June 2024 over two months

MG News | August 22, 2024 at 12:33 PM GMT+05:00

0:00

August 22, 2024 (MLN): K-Electric informed yesterday that the Fuel Charge Adjustments (FCA) approved by the National Electric Power Regulatory Authority (NEPRA) for May and June 2024 will be spread over two months.

The FCA for May, approved at Rs2.59 per kWh, will be reflected in the October 2024 bill. The FCA for June, set at Rs3.168 per kWh, will be charged in the November 2024 bill.

Consequently, the net increase in customer bills due to FCA in October will be Rs 1.59 per unit, while the increase in November will be Rs 0.58 per unit.

Fuel charge adjustments are incurred by utilities due to global variations in fuel prices, which are used to generate electricity and changes in the generation mix.

These costs are reflected in customer bills following NEPRA’s scrutiny and approval.

“Customers also receive a benefit in their bills when global fuel prices decrease,” KEL added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,163.81 360.90M	-0.70% -1140.32
ALLSHR	98,789.32 1,000.02M	-0.60% -591.65
KSE30	49,418.59 142.16M	-0.85% -423.92
KMI30	235,592.79 86.91M	-1.05% -2511.37
KMIALLSHR	64,955.16 473.97M	-0.97% -635.78
BKTi	45,437.77 69.15M	-0.59% -267.52
OGTi	32,150.13 8.93M	-1.60% -521.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,440.00	116,570.00 113,495.00	4700.00 4.24%
BRENT CRUDE	65.51	66.64 65.06	-0.43 -0.65%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.45 0.49%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.06	62.17 60.67	-0.44 -0.72%
SUGAR #11 WORLD	14.65	15.04 14.65	-0.32 -2.14%