Setback for K-Electric as Nepra refuses tariff hike

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday rejected a demand of the Power Division to substantially increase seven-year tariff of K-Electric to facilitate additional private sector investment but gave a five-paisa per unit allowance for indexation against recent exchange loss.

The regulator also ordered KE to halt bill collection charges separately from the consumers, pay interest on security deposits to the consumers through their bills and also stop charging of meter rent from those consumers who pay their cost of meter.

As such, the regulator set Multi-Year Tariff (MYT) for KE at Rs12.82 per unit instead of Rs12.77 it had allowed in October last year. The term of the MYT expires on June 30, 2023 starting July 1, 2016.

Published in Dawn, 6th July, 2018