January 21, 2022

K-Electric increases electricity tariff by Rs3.75 per unit

Rich result son google SERP when searching for 'K Electric'

K-Electric increases electricity tariff by Rs3.75 per unit

ISLAMABAD, Dec 07,2021- The National Electric Power Regulatory Authority (NEPRA) has increased the of electricity tariff for Karachi consumers by Rs3.75 per unit.

According to the notification issued by NEPRA, electricity has been made more expensive due to adjustment of fuel charges in September.

The notification said that additional amount would be collected from consumers in December electricity bills.

It should be noted that NEPRA had held a hearing in November for the September fuel adjustment.

K-Electric earns 9.443 billion net profit in 9 month

Around four months back i.e in August, Electricity prices in Karachi up by 3.64 per unit as the National Electric and Power Regulatory Authority (NEPRA) has allowed K Electric to charge its customers an additional price of Rs 3.64 per unit in three months (August-October) to increase its revenue by about Rs five billions.

K-  Electric has also increased price four months back

According to the report, on the other hand, NEPRA has asked WAPDA’s distribution companies (Discos) to refund their customers about 19 paisa per unit for negative adjustment in the current month’s bills with a total impact of about Rs 2.60 billion.

Both the tariff adjustments were notified by OGRA due to monthly fuel cost adjustment (FCA) for 6 months for K Electric and one month for Discos.

K-Electric earned net profit of PKR 9.443 billion 

K-Electric (KE) earned net profit of PKR 9.443 billion for the period under review, and an Earnings Per Share (EPS) of PKR 0.34.

K-Electric (KE) Limited’s Board of Directors approved the Company’s financial results for the 9-month period ended March 31, 2021 at a meeting.

Electricity prices in Karachi up by 3.64 per unit