K-Electric seeks to refund Rs10.2/unit.

ISLAMABAD -- K-Electric has sought to refund about Rs10.26 per unit charged to its consumers under monthly fuel charges during December 2022 involving a negative financial adjustment of about Rs12.1 billion in KE's accounts.

The National Electric Power Regulatory Authority (Nepra) has accepted the KE's tariff petition under the monthly fuel cost adjustment (FCA) mechanism and has fixed Jan 30 for a public hearing.

The regulator would now examine the petition on two counts - whether the Karachi-based power utility's refund estimate was justified or required a higher refund to consumers and whether the company had followed economic merit order while utilising its own and external power purchases.

The FCA for KE has now dropped to the negative zone for a few months because of a more than Rs7 per unit increase in nationwide uniform base tariff from July 1, 2022 and higher quarterly tariff adjustments since then.

This is the sixth month in a row that FCA for KE's consumers is lower...