Nepra asks K-Electric to reimburse Rs0.047/unit in June bills

ISLAMABAD: The Nationwide Electrical Energy Regulatory Authority (Nepra) on Friday requested Ok-Electrical to reimburse Rs0.0472/unit to its purchasers in June 2023 on account of month-to-month gas expenses changes (FCAs) for April 2023.

The Karachi-based utility had sought permission from Nepra to gather an extra Rs0.489 per unit within the June 2023 payments. Following Nepra’s resolution, Ok-Electrical will refund Rs72 million to its purchasers. The ability regulator, chaired by Tauseef H. Farooqi, performed public hearings on Could 30, with Engr. Maqsood Anwar Khan, Mathar Niaz Rana, and Ms Amina Ahmed, members of Nepra have been additionally current.

In line with a notification issued by NEPRA, this adjustment will apply to all person classes of Ok-Electrical, besides lifeline energy shoppers, home shoppers utilizing as much as 300 items, agricultural shoppers, and electrical automobile charging stations (EVCS). Home shoppers with Time of Use (ToU) meters, no matter their consumption degree, will even profit from this adjustment.

Through the hearings, a Nepra official revealed that Ok-Electrical generated electrical energy in April 2023 at a value of Rs23.03 per unit from its personal assets, whereas the price of electrical energy obtained from the nationwide grid was Rs10.47 per unit. Ok-Electrical, in an announcement, highlighted that FCAs are authorized by NEPRA and utilized in response to the prescribed guidelines and laws of NEPRA and the Authorities of Pakistan. These changes mirror the worldwide variation in gas costs used for electrical energy era and adjustments within the era combine. The prices are topic to NEPRA’s scrutiny and approval for one month solely, and clients additionally obtain advantages when the gas prices lower.