ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Friday approved Rs5.13 per unit cut in the power price for consumers of K-Electric (KE) under fuel charges adjustment (FCA) mechanism for September and issued a notification in this regard.
According to NEPRA’s notification, the Authority has approved FCA of negative Rs. 5.1261/kWh for the month of September 2022 which shall be applicable to all the consumer categories except lifeline consumers, domestic consumers consuming up-to 300 units, Agriculture Consumers and EVCS (Electric Vehicle Charging Station) consumers of K-Electric. And, K-Electric shall reflect the fuel charges adjustment in respect of September 2022, in the billing month of November 2022.
“It is hereby clarified that negative adjustment on account of monthly FCA is also applicable to the domestic consumers having time of use (ToU) meters irrespective of their consumption level,” the notifications said.
The negative FCA of September 2022 shall be shown separately in the consumers’ bills on the basis of units billed to them in the respective month to which the adjustment pertains, the NEPRA notification added.
Earlier, KE requested the FCA of negative Rs. 4.622/kWh and NEPRA’s hearing was held on October 25, 2022. However, the Authority (NEPRA) on Friday approved a refund of Rs5.13 per unit in power tariff for K-Electric consumers for the month of September 2022.
K-Electric, in a statement, said that after due process, NEPRA issued its decision on K-Electric’s petition for reduced Fuel Charge Adjustments (FCA) for the month of September 2022. The reduction is at a rate of 5.13 per unit and will reflect in consumer bills for the month of November 2022. FCAs are approved by the regulator, NEPRA, after review who also specifies the month during which the charge is applied in consumer bills.
FCA is dependent on the global prices of fuel and are passed on to consumer bills under the prescribed rules and regulations of NEPRA and the Government of Pakistan. September’s FCA was lower primarily due to a reduction in fuel prices. The price of power purchased from CPPA-G in September decreased by 37% from June 2022. Similarly, for RLNG, the price in September decreased by 13% from June 2022, said K-Electric.
