KE seeks to extract another Rs6.2bn

A day after securing about Rs10.5 billion through Rs5.76 per unit adjustments for two months — May and June — K-Electric on Thursday sought another Rs3.1 per unit fuel cost adjustment for July to extract Rs6.2bn more from its consumers. The National Electric Power Regulatory Authority (Nepra) has set Aug 29 for a public hearing at the request of KE. On Wednesday, the regulator allowed KE to charge additional fuel cost adjustments (FCA) of Rs2.59 and Rs3.168 per kWh for electricity consumed in May and June, respectively, to be charged to consumers in October and November. Compared to KE’s request for Rs3.09 per unit additional FCA for July consumption, the Central Power Purchasing Agency (CPPA) has proposed about 32 paise per unit refund to consumers of ex-Wapda distribution companies (Discos) for July.