KARACHI: On July 28, the National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on the petition K-Electric submitted regarding Fuel Charges Adjustments K-FCA for June 2022.
K-FCA petition
The utility’s FCA petition for June 2022 requested an increase of Rs11.38/KWh. Fuel adjustments are subject to monthly review in accordance with national tariffs and are only applicable to one particular month’s consumer bills.
The increase in the cost of furnace oil and power purchased from the Central Power Purchasing Agency will have a significant impact on the monthly fuel cost adjustment in June 2022. (Market Operator).
From March 2022 to June 2022, the price of RLNG has increased by 50%. When compared to the price of Rs3,083 per MMBTU in March 2022, the price of RLNG in June 2022 is Rs4,627 per MMBTU. K-FCA
When compared to March 2022, the cost of electricity from CPPA-G has increased by 74% in June 2022. As of June 2022, the cost of buying electricity from CPPA-G is Rs. 15.844/KWh, up from Rs. 9.098/KWh in March 2022. K-FCA
FCA is a cost that utilities incur as a result of changing generation mix and fluctuating fuel prices around the world. These fees are one-time in nature and are passed on to the customers after NEPRA’s review and approval. Additionally, consumers profit when the price of regulator will decide on the request following the public hearing and examination, and it will provide guidelines on how long these expenses can be added to consumer bills.
PML-N Vice President Maryam Nawaz
After Punjab Chief Minister Hamza Shahbaz announced that people consuming up to 100 units of electricity per month would receive free electricity, PML-N Vice President Maryam Nawaz criticised the PTI for petitioning the Supreme Court.
Nine million low-income families across the province are anticipated to receive electricity as a result of the recent announcement. K-FCA
According to a tweet from Maryam, the poor in Punjab now have access to free electricity. So, rather than appealing the Punjab CM’s decision to the Supreme Court, the PTI should offer free electricity to those in need in Khyber Pakhtunkhwa (KP).
The PML-N vice president stated that one should work hard rather than harbour jealousy in order to provide free electricity to the needy in KP. K-FCA
In a letter to the Supreme Court earlier today, PTI senior leader Fawad Chaudhry criticised the chief minister’s “relief package,” calling the announcement that free electricity would be provided to the general public ahead of the by-elections a “violation of the court orders and an attempt to gain political mileage.”
The chief minister’s strategy for resolving Punjab’s crisis, according to Chaudhry, was intended for political gain. According to him, the chief minister of Punjab will only use his regulatory authority up until July 22.
Hamza Shahbaz
In related news, Punjab Chief Minister Hamza Shahbaz declared on Monday that the cost of electricity for homes using up to 100 units of electricity per month will be covered by the provincial government.
The Punjab government will cover the utility costs for customers who use up to 100 units of electricity, according to the chief minister, who was speaking to a press conference in Lahore.
The relief programme, which will assist nine million households, has been allocated Rs100 billion by the government. This will encourage people who use more than 100 units of electricity to conserve energy, according to Hamza. K-FCA
The government will give solar panels to those in need so they can switch to alternative sources of electricity, the chief minister added.
IMF
CM Hamza added that Pakistan will receive assistance from friendly nations and that the International Monetary Fund (IMF) Programme will continue. He promised that “the economic situation will be back on track.”
The chief minister criticised the PTI and asserted that the country would hold the party’s leaders accountable. “The PTI government destroyed the economy, and Imran Khan must account for foreign funding, Toshakhana, and Farah Gogi’s billions of rupees in corruption,” said a source.
Regarding the by-elections in Punjab scheduled for July 17, CM Hamza predicted that the PML-N would win.
