K-Electric asks NEPRA to increase power tariff 

KARACHI: K-Electric (KE) has asked the National Electric Power Regulatory Authority (NEPRA) for an increase in the price of electricity, despite the fact that the Economic Coordination Committee (ECC) had recently permitted KE to pass on fuel adjustment to its consumers.

KE has asked NEPRA to allow it to charge Rs1.54 per unit to its customers, besides seeking permission from the regulator to invest more than Rs143 billion. NEPRA will hear the KE's reasoning behind the request for the price hike in a hearing scheduled for September 16.

Earlier this week, the ECC had allowed KE to pass on fuel charge adjustments to its consumers. The committee had approved the decision during a meeting chaired by Adviser to PM on Finance and Revenue Hafeez Shaikh.