Month: January 2020

K-Electric (KE) has launched a Fuel Cost Adjustment (FCA) calculator on its website (https://www.ke.com.pk/fcacalculator/), which will allow consumers to calculate the impact on their monthly bill based on their monthly consumption. The pending FCA as determined by the National Electric Power Regulatory Authority (Nepra) would be applied from January 2020 onwards, spread over 9 months, based on the notification issued by Nepra through the SRO dated 27 December 2019 which also defines both the amount and the period over which the amount is to be adjusted. All details related to…

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This is apropos a story carried by Business Recorder on January 9, 2020 with the headline that ‘1 US$ will be equal to Rs 172 by year’s end’. According to Nepra, the headline apparently indicate that the regulator i.e., Nepra said that dollar will be equal to Rs 172 by December 2020 which is not the case. A press issued by Nepra says that the true perspective is that the legal representative of 8 wind power projects during the course of public hearings held on January 8, 2020 made a passing comment…

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Federal Secretary Power Division Irfan Ali has said that the government has generated Rs 229 billion additional revenue from electricity distribution companies (DISCOs) from October 2018 to October 2019. While briefing the subcommittee of the Public Accounts Committee, which met here under the chairmanship of Senator Shibli Faraz, Irfan Ali said that as a result of improvement in recovery mechanism, the government over the period has made Rs 229 billion additional recoveries from various consumers of which Rs 118 billion additional revenue has been generated by increasing power tariff and…

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The Lahore Electric Supply Company (LESCO) has suffered a loss of Rs 13.5 million for offering concessions in commercial bills of electricity, said sources. They said the officials in McLeod Road division exceeded to their powers by offering electricity on concession rates to commercial consumers in between the months of July to October and causes millions of rupees loss to the revenue of the Company. According to sources, the inquiry committee has directed for recovery of loss from the respective consumers besides department action against the responsible ones. However, the…

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ISLAMABAD: The federal government on Friday reiterated that people of Pakistan — not any particular province — have the first right of use over natural gas as they are its ultimate owners. In a written rejoinder to the Sindh chief minister’s assertions that the province was being deprived of its due share of gas, the ministry of energy (petroleum division) insisted that “citizens of Pakistan (not any particular province) have the first right of use given that citizens are ultimate owners of this resource”. It said this interpretation of Article…

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