The federal government has formally allowed the National Electric Power Regulatory Authority (Nepra) to authorize the transfer of three accumulated quarterly adjustments from the fiscal year 2022-23 to K-Electric consumers. This move is anticipated to result in a significant surge in electricity rates, exceeding 10 rupees per unit.
The Ministry of Energy (Power Division) has submitted an application to Nepra, seeking approval for the transfer of three quarterly tariff adjustments (QTAs) related to the fiscal year 2022-23. These adjustments encompass charges of up to Rs4.45 per unit for the first quarter, Rs0.4689 per unit for the second quarter, and Rs5.41 per unit for the fourth quarter. Consequently, consumers of K-Electric will collectively witness an increase of Rs10.32 per unit in their electricity bills, payable in the upcoming months.
A public hearing concerning the government’s request is scheduled to be conducted by the power regulator on September 11. Additionally, the government is seeking to apply the second QTA of Rs0.4689 per unit to power consumption during April, May, and June 2023, with the recovery scheduled for September, October, and November of the same year, respectively. Furthermore, Nepra has been urged to issue separate Schedules of Tariffs (SoT) for K-Electric, incorporating anticipated uniform rates as part of tariff rationalization efforts.
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