
The power consumers of Karachi Electric (KE), the only power producer in the city, are set to embrace a Rs0.27 per unit dip as part of fuel charges adjustments (FCA) for October 2024.
The implementation will be observed once the National Electric Power Regulatory Authority (Nepra) approves the FCA, according to Business Recorder.
In a hearing conducted by the power regulator on Thursday, KE expressed willingness to refund Rs461 million to its consumers in the electricity bills of October 2024.
KE's reference cost of fuel was calculated at Rs13.5 billion with the actual cost of fuel being Rs18.1bn, 34% higher compared to the former, noted Tanveer Barry, representative of Karachi Chamber of Commerce and Industry (KCCI).
The reference power purchase cost was estimated at Rs 10.1bn while the actual power purchase cost was Rs8.8bn, 13% lower than the reference cost, he added.
The KCCI official claimed that inefficient power plants, being operated by KE, might have triggered higher actual fuel costs. He also mentioned that with the exception of KE's power plants, fuel costs have decreased all across Pakistan.