A public hearing was held today by the NEPRA Authority over the petition submitted by K-Electric for Fuel Charges Adjustments (FCA) for the month of September 2022. K-Electric filed a negative FCA petition for the month of September at a rate of PKR 4.622/kWh. Final approval on the FCA is subject to NEPRA’s review and approval who also specifies the month during which the charge can be applied to consumer bills.
September’s FCA is lower primarily due to a reduction in fuel prices. The price of power purchased from CPPA-G in September decreased by 36% from June 2022. Similarly, for RLNG, the price in September decreased by 13% from June 2022. For Furnace Oil, the price in September increased by 2% from June 2022.
Commenting after the hearing, KE’s spokesperson’s remarked, “Reviews for Fuel Charge Adjustments are made every month and is applicable on consumer as per the directions issued by NEPRA.” He further said, “Consumers get a benefit when fuel prices decline in comparison to the reference month. FCAs are applied after NEPRA’s scrutiny & public hearings, which are conducted independently for KE and state-owned entities (XWDISCOs).”