ISLAMABAD, October 31, 2024 – The National Electric Power Regulatory Authority (NEPRA) concluded a public hearing today regarding K-Electric’s petition for provisional monthly fuel charge adjustments (FCA) for September 2024.
The proposed adjustment aims to provide relief of PKR 247 million, resulting in an increase of PKR 0.16 per unit on customer bills.
Following the hearing, NEPRA will issue a decision clarifying the FCA amount to be applied to bills and the duration of its applicability. T
hese fuel charge adjustments are a response to global fluctuations in fuel prices and changes in the generation mix used to produce electricity.
Customers can also see benefits from negative FCA adjustments when global fuel prices decline.
K-Electric, founded in 1913 and privatized in 2005, is the main vertically integrated power utility serving Karachi and its neighboring areas. The company is primarily owned by KES Power, which holds 66.4% of its shares. This consortium includes Al-Jomaih Power Limited from Saudi Arabia and the National Industries Group (Holding) from Kuwait. K-Electric is essential for electricity generation, distribution, and transmission in the region, and its privatization aimed to boost operational efficiency and enhance service for millions of customers.
The Government of Pakistan holds a 24.36% stake, while the remainder is available as free float shares.
