K-Electric seeks Rs10.69 increase in basic tariff                                

KARACHI: K-Electric on Friday sought an increase of Rs 10.69 per unit in the basic power tariff, seeking to fix the tariff at Rs 44.69 per unit

Currently, K-Electric’s average basic tariff is Rs 34 per unit. The company has requested a hike under the 7-year Multi-Year Tariff (MYT) framework.

K-Electric has submitted its Multi-Year Tariff (MYT) proposal for the period from 2023 to 2030 to National Electric Power Regulatory Authority (NEPRA).

The EPP component is requested to be fixed at Rs 18.88 per unit, while transmission charges and distribution charges are requested to be Rs 3.48 per unit and Rs 3.84 per unit, respectively.

Operation and maintenance charges are requested to be fixed at Rs 0.42 per unit, and retail margin is requested to be Rs 0.59 per unit.

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Additionally, K-Electric has requested recovery of lost allocation of Rs 2.88 per unit and working capital of Rs 2.07 per unit.

NEPRA has sought input from stakeholders on K-Electric’s request within 7 days, and a decision is expected soon. If approved, the new tariff will likely affect millions of electricity consumers in Karachi and surrounding areas.

The proposal also included the Transmission Charges Rs3.48 per unit, Distribution Charges Rs3.84 per unit, Operation & Maintenance charges 0.42 rupees per unit, Retail Margin Rs0.59 per unit, Recovery Loss Allowance Rs2.88 per unit, and Working Capital Rs2.07 per unit.

The channel reported that NEPRA has sought feedback from stakeholders on K-Electric’s request within seven days.