Karachiites to be charged Rs5.3 more for April power usage.

ISLAMABAD -- The National Electric Power Regulatory Authority (Nepra) on Friday notified Rs5.27 per unit additional fuel cost adjustment (FCA) to K-Electric to be charged to consumers for electricity they consumed in April.

This will help the Karachi-based private utility to mop up an additional amount of Rs10.16bn from consumers in upcoming billing month of July. The FCAs shall be applicable to all the consumer categories except lifeline consumers, Nepra said.

'The authority has approved FCA of Rs5.2718/kWh for April having an impact of Rs10,157 million, to be recovered in the bills of July,' a Nepra announcement said.

The K-Electric had demanded an FCA of Rs5.307 per unit with a revenue impact of Rs10.216bn but the regulator made some minor deductions and notified Rs5.27 per unit increase with Rs10.216bn revenue.

Nepra also recalled for the record that power purchase agreement between National Transmission and Despatch Company (NTDC) and KE was signed on January 26, 2010 for five years for sale/purchase of 650MW on basket rates. Subsequently, a decision was made by the Council of Common Interests (CCI) on Nov 8, 2012 for...