K-Electric wants to lower tariffs by Rs4.95 per unit in December.

Under the monthly fuel adjustment mechanism, K-Electric has formally requested a December electricity pricing cut of Rs4.95 per unit.

After careful consideration, the National Electric Power Regulatory Authority (NEPRA) has chosen to postpone making a decision. At a later time, the final decision will be shared.

K-Electric requested a rate reduction of Rs4.95 per unit during the hearing for its December fuel adjustment application. The utility firm also requested clearance for adjustments relating to arrears of Rs5 billion.

K-Electric clarified that startup expenses, open cycle, and partial load operations were the causes of these arrears. Consumers of K-Electric, however, strongly opposed the request, with some contending that the public should directly benefit from the fuel adjustment.

Concerns were also expressed regarding the continuous load shedding in Karachi’s business districts and the industrial support package’s non-implementation.

K-Electric has filed a lawsuit against the industrial support package, NEPRA officials noted.

According to K-Electric representatives, the price of power generated using the company’s own resources in December was Rs18.60 per unit, while the Central Power Purchasing Agency (CPPA) charged Rs9.60 per unit.

Although the hearing was adjourned, NEPRA has reserved its judgement, which will be rendered following a careful examination of the information and computations. In due time, a final decision and formal announcement will be made public.