Experts say revised MYT ruling for KE militates against govt’s privatisation agenda

Nepra’s revised Multi-Year Tariff (MYT) determination for K-Electric (KE) puts the government’s privatisation agenda at risk, while also adversely affecting Karachi’s stability, stated energy experts and industrialists on Saturday during a webinar organised by the Policy Research Institute of Market Economy (PRIME) titled ‘Karachi’s Energy Security: Challenges & Opportunities’. The session was moderated by Ali Ehsan – Chief Development Officer at PRIME. K-Electric CEO Moonis Alvi said the MYT should have reflected the company’s continuous operational improvements and the realities of power supply in a complex urban setting. He said that since privatisation, K-Electric has significantly reduced aggregate technical and commercial losses from around 45percent to below 20percent. He further noted that while the new tariff structure brings certain challenges, KE remains committed to serving Karachi.