Nepra cuts power tariff for KESC
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday reduced the electricity rates of KESC by 97 paisa and Rs1.63 per unit for October and November, respectively.
According to a notification issued by the power regulator, the reduction in tariff was necessitated by lower oil prices in the international market in the month of April, May and June this year and improvement in Karachi Electric Supply Company’s energy mix.
It said the decision for tariff reduction under monthly fuel price adjustment was taken after a public hearing in Karachi on Aug 15.
Under the notification, the Nepra approved a reduction of 27 paisa and 72 paisa per unit reduction for the month April and May.
As a result, the consumer tariff would be lower by 97 paisa per unit against reference fuel price during the billing month of October 2013.
Another Rs1.63 paisa per unit reduction was approved for the month of June against reference fuel price.
This reduction would be passed on consumers during billing month of November 2013.
The tariff reduction would not apply to lifeline consumers using less than 50 units per month, it said.