By Humaira
ISLAMABAD: According to a joint secretary of the power division, K-Electric has requested an Rs0.57 per unit increase in the electricity pricing under the quarterly fuel adjustment. According to the power division official, K-power Electric’s tariff will be adjusted upward during the first three months of 2022. The only power provider in the nation will receive a subsidy of Rs3.98 per unit, he added, noting that K-power Electric’s tariff is already lower than that of other firms.
The NEPRA officials said that the average tariff for K-Electric is Rs25.52 per unit and after an approval in tariff hike; it will rise to Rs26.08 per unit. Moreover, the NEPRA announced that it has launched a probe into a technical fault in Guddu power plant as its closure is resulting in Rs350 million losses. “We are also keeping an eye on Neelum Jhelum project and an error could be identified after clearing the project’s tunnel of water,” the NEPRA said.
Recently, the National Electric Power Regulatory Authority has raised power tariff for K-Electric consumers by Rs11.37, an Rs0.01 less than demanded by the power utility. The approval was given in terms of fuel adjustment charges for June 2022 and the increase will not be applicable for life-line consumers.
The K-Electric has requested an increase in the price of electricity by Rs. 11.38, and one of its spokespersons defended the request by claiming that it complied with NEPRA regulations and was for a month under the FAC. The power company attributed the rise to a 42 percent increase in furnace oil prices on international markets between March and June 2022. RLNG prices also increased by 50% from March to June, according to a K-Electric representative.
