The K-Electric has sought a whopping Rs18.86/ unit hike in the power tariff on account of monthly Fuel Charges Adjustments (FCA) of seven months in an application to the National Electric Power Regulatory Authority (NEPRA), VOS News reported on Monday.
The power utility has asked for an increase in the power tariff for Karachi consumers by Rs18.86/unit for seven months (July 2023 to March 2024).
The sole power provider of the port city has requested to lower the power tariff for two months by Rs0.29/unit.
The NEPRA will conduct a hearing on the K-Electric application on May 9.
In a separate development on Saturday, it emerged that the federal government has finalised a plan to privatize profit-making power distribution companies (Discos).
Sources in the power division told ARY News that the Shehbaz-led coalition government has finalised the plan to privatize five profit-making power companies.
