AGL 40.20 Decreased By ▼ -1.30 (-3.13%)
AIRLINK 129.11 Increased By ▲ 1.11 (0.87%)
BOP 6.60 Increased By ▲ 0.34 (5.43%)
CNERGY 4.03 Decreased By ▼ -0.10 (-2.42%)
DCL 8.45 Increased By ▲ 0.01 (0.12%)
DFML 41.25 Increased By ▲ 0.56 (1.38%)
DGKC 87.00 Decreased By ▼ -0.90 (-1.02%)
FCCL 33.35 Decreased By ▼ -0.75 (-2.2%)
FFBL 65.90 Decreased By ▼ -0.43 (-0.65%)
FFL 10.54 Decreased By ▼ -0.02 (-0.19%)
HUBC 110.70 Increased By ▲ 2.00 (1.84%)
HUMNL 15.23 Increased By ▲ 0.77 (5.33%)
KEL 4.78 Increased By ▲ 0.13 (2.8%)
KOSM 7.83 Increased By ▲ 0.50 (6.82%)
MLCF 41.90 Decreased By ▼ -0.82 (-1.92%)
NBP 60.50 Decreased By ▼ -0.34 (-0.56%)
OGDC 182.80 Increased By ▲ 3.83 (2.14%)
PAEL 25.36 Decreased By ▼ -0.34 (-1.32%)
PIBTL 6.26 Increased By ▲ 0.20 (3.3%)
PPL 147.81 Increased By ▲ 1.66 (1.14%)
PRL 24.56 Decreased By ▼ -0.35 (-1.41%)
PTC 16.24 Increased By ▲ 0.10 (0.62%)
SEARL 70.50 Increased By ▲ 0.30 (0.43%)
TELE 7.30 Increased By ▲ 0.08 (1.11%)
TOMCL 36.30 Increased By ▲ 0.10 (0.28%)
TPLP 7.85 Increased By ▲ 0.01 (0.13%)
TREET 15.30 Decreased By ▼ -0.29 (-1.86%)
TRG 51.70 Increased By ▲ 1.34 (2.66%)
UNITY 27.35 Increased By ▲ 0.45 (1.67%)
WTL 1.23 Decreased By ▼ -0.01 (-0.81%)
BR100 9,842 Increased By 47.4 (0.48%)
BR30 30,036 Increased By 389.6 (1.31%)
KSE100 92,520 Increased By 499.1 (0.54%)
KSE30 28,786 Increased By 121.7 (0.42%)

ISLAMABAD: The government has decided to increase KE tariff by Rs 1.55 per unit for fourth quarter (April-June) 2021-22 under quarterly tariff adjustments to maintain uniform tariff across the country, well-informed sources told Business Recorder.

Under Section 31(7) of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997, the National Electric Power Regulatory Authority (Nepra) has determined periodic adjustment of Discos in tariff for fourth quarter of FY 2021-22. In the light of determination, Nepra has recommended a uniform rate for the fourth quarterly adjustment of FY 2021-22 for consumers of Discos.

In accordance with section 5.6.3 of National Electric Policy, 2021 “the government may maintain a uniform consumer-end tariff for K-Electric and state-owned Discos (even after privatisation) through incorporation of direct/indirect subsidies.” Accordingly, KE applicable uniform variable charge is required to be modified to maintain the uniform tariff across the country with a recovery period of four months.

The adjustment shall be applicable on the consumption of October -22 to January-23 to be recovered from consumers in December 2022 to March-23, respectively.

Regulatory, financial issues: KE seeks intervention of Khaqan

KE’s Chief Regulator Affairs and Government Relations, Imran Qureshi, in his comments on the summary of Power Division has stated that the power utility company has no objection on applicability of Rs 1.55 per unit QTA as it is in line with the uniform tariff policy.

K-Electric has further submitted that notification of quarterly tariff adjustments for second and third quarters of FY 2022 applied in case of Discos (adjustment of Rs 1.5547 per unit and Rs 0.5087 per unit respectively) is also pending, and requested that in case these adjustments are also to be applied to KE consumers keeping in mind the GoP’s uniform tariff policy, the process for their notification by Power Division be completed at the earliest.

The government intends to recover Rs 94 billion from the consumers across the country pertaining to fourth quarter of 2021-22, to be recovered from the consumers in a period of four months starting from October 1, 2022.

However, no quarterly adjustments would be passed on B1, B2, B3, and B4 industrial consumers to the extent of incremental sales till continuation of the package, in line with the Authority’s decision of December 1, 2020.

Copyright Business Recorder, 2022

Comments

Comments are closed.