Up to Rs 11.10 increase okayed in KE electricity bill August 2022
Due to fuel adjustment, the National Electric Power Regulatory Authority (Nepra) has approved a Rs 11.10 per unit increase in electricity pricing for K-Electric (KE) customers for the month of June 2022.
In two months, KE will collect an increase in electricity tariffs from consumers, according to a statement from Nepra.
KE would charge Rs 3.01 per unit for the month of August and Rs 8.09 per unit for the month of September for electricity bills.
K Electric had asked for a price hike of Rs 11.39 per unit.
The power regulator held a public hearing on July 28, 2022, according to Nepra, which said that the rise will only apply to August and September bills. However, lifeline customers will not be subject to the increase.
Increased costs of furnace oil and power purchased from the Central Power Purchasing Agency-Guarantee had a significant impact on the fuel cost adjustment for June 2022. (CPPA-G).
In June 2022, the price of re-gasified liquefied natural gas (RLNG), a fuel used in power generation alongside furnace oil, jumped by 50 percent compared to its March level.
The price of RLNG increased to Rs4,627 per million British thermal units (mmbtu) from Rs3,083 per unit in March 2022.
In June 2022, the price of power purchased from CPPA-G jumped by 74% compared to March. In June, the price per kWh was Rs 15.844, as opposed to Rs 9.098 per unit in March 2022.
The CFO of K-Electric, along with its financial and technical teams, attended the hearing.
KE stated in its request that the computation for the month of June 2022 is based on CPPA-recommended G’s rate for June 2022 and is subject to change based on NEPRA’s assessment for June 2022.
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The Authority noted that on January 26, 2010, NTDCL and K-Electric inked a five-year Power Purchase Agreement for the sale/purchase of 650 MW at basket rates.
In its meeting held on November 8, 2012, the Council of Common Interest (CCI) adopted a resolution about the mechanisms for the Petitioner’s withdrawal of electric power from NTDCL.
It was determined to reduce the electricity supply from NTDCL to K-Electric by 300MW. The aforementioned ruling of the CCI, however, has been challenged by K-Electric in the Honorable High Court of Sindh in Karachi through suits and petitions.
No new deal has been negotiated between K-Electric and NTDCL as of yet, and K-Electric continues to draw approximately 1100 MW from the National Grid.
