Karachi electricity consumers may receive significant relief in their upcoming bills, as K-Electric has proposed a reduction of up to Rs4.98 per unit in electricity charges under the November fuel price adjustment. This proposal has been submitted to the National Electric Power Regulatory Authority (NEPRA), which is scheduled to hear the request on January 15, 2025. If approved, the reduction could offer a total relief of Rs7.17 billion to Karachi’s electricity consumers.
K-Electric’s request comes under the monthly fuel price adjustment mechanism, which adjusts electricity tariffs based on fluctuations in fuel costs. This mechanism allows for adjustments in tariffs to reflect changes in fuel prices, providing flexibility to consumers during periods of price volatility.
If NEPRA approves the proposed reduction, it would provide much-needed relief to both households and businesses in Karachi, helping to ease the financial burden of rising energy costs. The decision will be finalized following NEPRA’s review in its scheduled hearing in mid-January.
This reduction in electricity charges would come as a welcome respite, particularly as consumers in Karachi continue to face challenges with electricity prices.
