K-Electric tariff increased by Rs 3.03 per unit in FCA

• New prices will apply to all categories of consumers.
• EVCS, lifeline and prepaid consumers are exempt from the charge.
• K-Electric has sought Rs 3.9 per unit tariff hike for the July FCA.
  

The National Electricity Regulatory Authority (Nepra) has notified an increase in electricity tariffs by Rs 3.03 per unit for K-Electric consumers under the fuel cost adjustment (FCA) for the month of July 2024.

The revised tariff will be applicable on electricity bills for the month of December 2024, according to the notification.

The new electricity rates will be applicable to all categories of consumers, excluding Electric Vehicle Charging Stations (EVCS), lifeguards and prepaid meter consumers, it added.

Earlier, the sole electricity provider in the metropolis — KE — had sought a tariff hike of Rs 3.9 per unit for fuel price adjustment in July.

This hike was approved a day after Nepra announced a refund of Res 0.8555 per unit to feed October bill consumers who had paid higher electricity prices in August 2024 under the monthly fuel cost adjustment mechanism.

According to a notice issued on Thursday, the Central Power Purchase Authority (CPPA) has sought a reduction in tariffs by 57 paisa per unit for the said period.

The power regulator said the decision will apply to all categories of consumers except Lifeline consumers, domestic users using up to 300 units, agriculture consumers and EVCS, consumers of all electricity distribution companies (Discos). except K-Electric consumers and prepaid electricity consumers of all categories.

On September 26, Nepra held a public hearing to take the decision in this regard. He then made it official on October 24.

It must be noted that CPPA has asked Nepra for a reduction of Re0.5755 per unit on account of Fuel Cost Adjustment (FCA). The regulator allowed a further release of Re0.8555 per unit to customers.