Residents of Karachi can expect some good news when it comes to their electricity bills. The National Electric Power Regulatory Authority (NEPRA) has recently reviewed KE Electric’s request for a fuel charge adjustment for the month of November. After careful consideration, NEPRA confirmed that KE Electric has asked for a reduction of Rs 4.98 per unit, which will help lower the overall cost of electricity for many consumers.
This move follows a previous decrease in electricity prices in October, where the price was reduced by Rs 0.49 per unit. Now, with the November adjustment, electricity users in Karachi will benefit from a further drop of Rs 4.49 per unit when compared to the rates in October. This adjustment will apply to nearly all KE Electric customers, except for certain groups like lifeline users (those consuming up to 300 units per month), prepaid users, agricultural customers, and electric vehicle charging stations.
The hearing, which took place recently, focused on KE Electric’s monthly fuel adjustment request. The company presented its case, explaining the factors influencing the price change, including its reliance on power from the National Transmission and Dispatch Company (NTDC), which is typically cheaper. In November, KE Electric sourced 62% of its electricity from NTDC, with the remaining electricity coming from Liquefied Natural Gas (LNG) at 21% and furnace oil at 13%.
During the hearing, KE Electric officials also explained that the company’s electricity demand had grown by 13% annually, with a particularly large rise in the domestic sector. This increasing demand has put more pressure on the company’s energy supply. However, the company is working towards meeting future demands, including shifting to captive plants to boost electricity production.
In terms of demand for electricity, November showed a slight drop compared to October. The average demand in November was 2300 MW, which was 12% lower than the 2600 MW in October. However, compared to the previous year, electricity demand has been on the rise. Last November’s demand was only 2000 MW.
Looking ahead, NEPRA will continue to monitor and review the situation before issuing a final decision. They have promised to release a detailed statement soon after analyzing the data further. For now, Karachi residents can look forward to lower electricity bills in the coming months, thanks to these changes.
In summary, this adjustment in the electricity rates is great news for Karachi residents. With NEPRA’s approval of KE Electric’s request, many consumers will see a significant decrease in the cost of electricity. However, not all users will benefit from this reduction, as some categories, such as agricultural users and electric vehicle stations, are excluded. This shift is part of ongoing efforts to manage the growing electricity demand in Karachi while ensuring affordability for consumers.
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