K Electric requested NEPRA to increase the price of electricity by Rs 11.34 per unit, however, NEPRA approved to increase the price of electricity by Rs 9.66 per unit.
Another bad news for the people of Karachi after the increase in petroleum products and the worst load shedding is that NEPRA has cut off electricity to the citizens, and has increased the unit price of electricity by Rs9.66 per unit.
K Electric had requested NEPRA to increase the price of electricity by Rs11.34 per unit, which was heard under the chairmanship of NEPRA Chairman Tauseef H. Farooqi.
K Electric had sought an increase in the price of electricity in the context of the May fuel price adjustment, which, if approved, would impose a burden of Rs 22.65 billion on Karachi consumers.
At the hearing on the petition, NEPRA officials remarked that LNG was 50 per cent more expensive and furnace oil 38 per cent more expensive than in March. To which the K Elektarkham replied that the PLL conductors had defaulted in May. On which the Chairman NEPRA inquired whether the burden would fall on the common man, write to us on this matter.
NEPRA officials said that violation of merit order caused additional burden of Rs. 526 million, while shortage of diesel at Korangi plant caused burden of Rs. 474 million.
NEPRA Chairman Tauseef Farooqi questioned the K-Electric officials that the cheap fuel was not run because they would run it in the future, what is the logic.
K Electric officials replied that we used this fuel in pack demand.
Rafiq Sheikh, a member of NEPRA, asked why K Electric could not get cheap electricity. We did not understand the rationale for not getting cheap electricity.
K Electric officials replied that due to a shortfall in the national grid, we are being given less electricity.
NEPRA, while deciding on the request of K Electric, approved to increase the price of electricity for the customers of K Electric in Karachi by Rs9.66 per unit.
According to NEPRA, the increase in electricity prices was in line with the May monthly fuel adjustment. NEPRA will issue a detailed decision after reviewing the data.
The decision will impose an additional burden of about Rs 20 billion on K Electric customers.
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