NEPRA Approves KE’s FCA petition for July '24; Applicable in December bills
- By Web Desk -
- Oct 25, 2024
KARACHI: NEPRA today issued its decision on K-Electric’s (KE) petition of provisional monthly fuel charge adjustments (FCA) for July 2024, at PKR 3.03 per unit. The amount will reflect in customer bills in the month of December 2024.
Fuel charge adjustments are incurred by utilities due to global variations in fuel prices used to generate electricity, and the changes in generation mix. These costs are reflected in customer bills following NEPRA’s scrutiny and approval. Customers also benefit from reduced FCA in their bills when global fuel prices decrease. Rates charged to customer bills are determined by NEPRA and notified by the Federal Government.
As per Regulatory Authority’s decision, FCA shall be applicable to all the consumer categories except Electric Vehicle Charging Stations (EVCS), lifeline consumers and Prepaid metering consumers.
Formerly known as Karachi Electric Supply Company Limited, the power utility is an integral part of one of the world’s most populous cities. In 2009, KES Power Limited, the majority shareholder of KE, put into place a turnaround strategy which has seen investments of over USD 4.1 billion. These have resulted in 1,057 MW being added to the company’s Generation capacity and Transmission & Distribution capacity has been increased by approximately 29% and 60% respectively, followed by a 15.5% point reduction in Transmission & Distribution losses. KE’s transformation is a globally recognised success story of business excellence.