NEPRA Decides on GoP Petition To Apply Quarterly Adjustments on KE Customers.

NEPRA Decides on GoP Petition To Apply Quarterly Adjustments on KE Customers.

ISLAMABAD, 13 January 2023: Announcing its decision on the petition filed by the Federal Government, NEPRA has adjusted the tariff of K-Electric under the head of Uniform Tariff Policy.

Across Pakistan, electricity users are charged an equal or ‘uniform’ tariff, per the rules and regulations of the Federal Government and the regulator, NEPRA. Individual distribution companies cannot unilaterally make any changes. All such petitions undergo a public hearing and scrutiny prior to approval; public hearing on this petition was conducted on 27th December 2022.

Per NEPRA’s decision, the approved uniform quarterly tariff adjustments will be applicable on KE customers for a period of 4 months from January 2023 to April 2023 to be applied on the consumption for the months of October, November, December 2022, and January 2023 after notification from Federal Government. For bills already issued in January 2023, the adjustments will be billed in the following month.

As per the decision, category wise application of the 4th quarterly adjustment is as follows:

Residential consumers with consumption up to 300 units (excluding lifeline customers) to be charged PKR 1.4874 per unit whereas residential consumers with consumption above 300 units to be charged PKR 3.2116 per unit. All other categories to be charged PKR 4.4547 per unit.

About K-Electric:
K-Electric (KE) is a public listed company incorporated in Pakistan in 1913 as KESC. Privatized in 2005 KE is the only vertically integrated utility in Pakistan supplying electricity within a 6500 km square territory including Karachi and its adjoining areas. The majority shares (66.4%) of the company are listed in the PSX owned by KES Power, a consortium of investors including Aljomaih Power Limited of Saudi Arabia, National Industries Group (Holding), Kuwait, and the Infrastructure and Growth Capital Fund (IGCF). The Government of Pakistan is also a minority shareholder (24.36%) in the company.