Karachi, 30 July 2024: The National Electric Power Regulatory Authority (NEPRA) deliberates KE’s provisional monthly fuel charge adjustments (FCA) requests for May and June 2024, at PKR 2.53 and PKR 2.92 per kWh respectively. After scrutiny the regulator will issue a decision clarifying the FCA amount passed on to customer bills and the period for which they will be applicable.
Fuel charge adjustments are incurred by utilities due to global variations in fuel prices used to generate electricity, and changes in generation mix. These costs are reflected in customer bills following NEPRA’s scrutiny and approval. Customers also benefit from their bills when global fuel prices decrease.
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 power utility in Pakistan supplying electricity to Karachi and its adjoining areas. The majority shares (66.4%) of the Company are owned by KES Power, a consortium of investors including Al-Jomaih 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 shareholder (24.36%) in the Company while the remaining are listed as free float shares.