The National Electric Power Regulatory Authority (NEPRA) has sought a written response from K Electric on the request for an interim increase. Due to the incompetence of K Electric, the electricity consumers of Karachi have to suffer the punishment of load-shedding for hours.
A hearing was held on K Electric’s request for 9 months FCA collections under the chairmanship of member NEPRA Rafiq Ahmed Shaikh.
K Electric had requested a 9-month fuel adjustment from July 2023 to March 2024.
In the application, K Electric has asked for an interim increase of Rs 18 86 paise per unit.
K Electric has demanded an increase of over Rs 18 per unit in future bills
It has been stated in the application that there is a request to shift the load of 25 billion 83 crore rupees to the consumers in 9 months.
Nepra officials say that the interim increase has been sought due to K Electric not having a multi-year tariff.
During the hearing, a user asked whether an interim increase can be given according to the Nepra rules. If there is scope, why is the request for monthly adjustment delayed? On which Member Nepra Rafiq Ahmad Sheikh said that there have been some changes in the regime of CPPA.
Losses of electricity distribution companies have increased from 0.2 percent of the economy to 0.5 percent. In FY 2021, electricity losses were 0.2 percent of the economy, in FY 2022 the losses of discos have reached 0.5 percent of the economy.
The World Bank is helping to reduce transmission losses in the energy sector.
Timely receipts of the energy sector must be improved by the Government of Pakistan, government losses in energy, infrastructure and communication are continuously increasing.
Losses in the power sector are mainly due to pilferage, transmission and distribution, old infrastructure, delays in revision of consumer tariffs, increased losses, increased electricity prices in the current financial year, helping to limit losses. Got it.
#World #Bank #sounds #alarm #energy #sector #Business #Economy
2024-04-18 23:00:45
