In a bid to ease the financial burden on consumers, K-Electric (KE) has submitted a request to the National Electric Power Regulatory Authority (NEPRA) to reduce electricity tariffs by Rs4.95 per unit under the Fuel Charges Adjustment (FCA) for December 2024. This adjustment comes after lower-than-expected fuel costs for power generation, leading KE to propose a refund of approximately Rs4.94 billion to its consumers.
To review the request, NEPRA has scheduled a public hearing on February 26, where stakeholders will assess the proposal and its impact on electricity pricing. If approved, the revised rates will reflect in upcoming consumer bills, offering much-needed relief.
Why the Tariff Reduction?
Electricity tariffs fluctuate based on the cost of fuel used in power generation, with adjustments made through the FCA mechanism. KE’s petition suggests that actual fuel costs in December were lower than earlier projections, justifying a downward revision in electricity prices. If the request gets approved, consumers will experience a notable decrease in their energy bills in the coming months.
Government’s Push for Affordable Electricity
At the same time, Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to lowering power costs for households and industries. During a recent review meeting in Islamabad, he emphasized the importance of long-term reforms to stabilize electricity prices and improve overall efficiency in the energy sector.
The government’s efforts include:
✅ Revising agreements with independent power producers (IPPs) to bring down electricity production costs.
✅ Strengthening anti-power theft measures to curb financial losses and improve revenue collection.
✅ Expanding renewable energy projects such as solar, wind, and hydropower to reduce dependency on expensive fossil fuels.
✅ Improving regulatory oversight and governance to ensure fair pricing and operational transparency.
The Prime Minister highlighted energy affordability as a national priority, assuring that steps are being taken to deliver a stable, cost-effective power supply while supporting economic growth.
Next Steps
With the NEPRA hearing set for February 26, a decision on KE’s proposal is expected soon. If approved, this adjustment will provide significant relief to electricity consumers, aligning with broader efforts to make power more affordable across the country.
Stay tuned for further updates as Pakistan continues to work toward a more sustainable and cost-effective energy future.
