K-Electric

K-Electric seeks Rs 10.69/Unit hike in electricity tariff

Tamseela Akhtar

Tamseela Akhtar

— 1 min read
K-Electric seeks Rs 10.69/Unit hike in electricity tariff

ISLAMABAD: Karachi's power utility, K-Electric, has proposed a substantial increase in electricity tariffs for the city. The company submitted a petition to the National Electric Power Regulatory Authority (NEPRA) requesting a multi-year tariff (MYT) for the period 2023-2030..
The current average basic tariff stands at Rs 34 per unit. K-Electric's proposal includes setting the Energy Purchase Price (EPP) component at Rs 18.88 per unit and the Capacity Purchase Price (CPP) component at Rs 12.54 per unit.
Additionally, K-Electric has requested the inclusion of transmission charges (Rs 3.48 per unit), distribution charges (Rs 3.84 per unit), operation and maintenance costs (Rs 0.42 per unit), and a retail margin (Rs 0.59 per unit). A recovery loss allowance of Rs 2.88 per unit and working capital costs of Rs 2.7 per unit has also been proposed.
The National Electric Power Regulatory Authority (NEPRA) has invited stakeholders to provide feedback on the petition within seven days.

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By Tamseela Akhtar