ISLAMABAD - K-Electric (KE) has sought the National Electric Power Regulatory Authority (NEPRA) nod to refund Rs5.02 per unit to consumers, which they have overcharged during the month of March 2025.
In a petition submitted to NEPRA, KE has requested a refund of Rs5.02 per unit, on account of Fuel Charges Adjustments for the month of March, citing lower fuel costs as compared to reference tariff charged from the consumers during the month of March.
If approved, the total financial impact of this adjustment would amount to Rs6.792 billion for consumers, and it will be refunded in their June 2025 bills. This adjustment will apply to all consumers except lifeline, domestic protected, prepaid, and electric vehicle (EV) charging station users.
The power regulator has announced to hold a public hearing on K-Electric’s March petition on May 22. This would provide yet another round of refund to electricity consumers in Karachi. Earlier for September 2024, NEPRA had directed the company to refund Rs0.1758/unit to consumers, in October (Rs 0.4919/unit), November (Rs1.23/unit), December (Rs3.0/unit), January (Rs3.02/unit), February (Rs3.6396/unit). Since December 2024, the KE consumers are getting these refunds in their respective bills.
Notably, in February, K-Electric was receiving 1,600 MW of low-cost electricity from national grid, as the company’s own generation cost was more than double of the national grid. In February, KE’s own generation cost stood at Rs20.01/unit which is 143 percent higher than NTDC’s fuel cost of Rs8.23/unit. Similarly, in January, KE received 89 percent of its electricity from NTDC; 7 percent was procured from independent power producers (IPPs), while KE’s own power plants contributed only 4 percent.