Consumers criticize k-electric at NEPRA hearing

Business Dec, 11 2024
Consumers criticize k-electric at NEPRA hearing
  • 105
  • 0

ISLAMABAD: Consumers raised several grievances during a NEPRA hearing regarding K-Electric’s right-of-claims, highlighting the growing difficulties faced by Karachi’s residents and businesses.

During the hearing, consumers expressed their frustration with the rising electricity costs in Karachi, with many businesses struggling to stay afloat. “Hundreds of factories have already shut down, and many more are at risk of closure due to unaffordable power rates,” one consumer said. It was also pointed out that Karachi’s electricity consumers are burdened with surcharges aimed at reducing the circular debt. “We strongly reject any additional charges in the form of right-of-claims or other surcharges,” another consumer remarked. A further concern was raised about the potential law-and-order issues that could arise if surcharges are imposed.

Consumers also questioned the effectiveness of K-Electric’s privatization, asking, “What was the purpose of privatization, and has it been achieved? K-Electric continues to produce expensive electricity while benefiting from tariff differential subsidies.” Despite receiving several margins from NEPRA, the issue of escalating right-of-claims remains unresolved, leading to increased frustration among consumers who continue to bear the financial burden.  The hearing underscored the growing discontent in Karachi regarding the cost of electricity and the detrimental impact on the city’s economy. In related news, NEPRA recently approved a Winter Package offering relief to electricity consumers. The package includes a 30% discount for domestic consumers (Rs. 11.42 per unit) and an 18% discount for industrial consumers (Rs. 5.72 per unit) on additional electricity usage from December to February. The package aims to encourage energy conservation while providing financial relief to consumers during the winter months.

NC Big Stories

Yasir Hussain denies fake death reports

Actor-director Yasir Hussain recently hit out at digital creators spreading false death rumors about him. The hoax, which claimed “Iqra Aziz’s husband passed away suddenly,” was circulated by a YouTube creator with a misleading thum...

Priyanka Chopra teams up with Jonas brothers for holiday film

Bollywood icon Priyanka Chopra is set to star alongside her husband, Nick Jonas, and his brothers Kevin and Joe in an upcoming holiday film, scheduled for release in 2025 on Disney. The project, which kicked off filming on January 13 in Toronto, als...

Wahaj, Mahira team up for first time in exciting new project

Fans are ecstatic as two of Pakistan’s biggest drama stars, Wahaj Ali and Mahira Khan, are set to team up for the first time in an upcoming drama serial. This collaboration has sent shockwaves through the entertainment industry, with fans eage...

Saim Ayub uncertain about recovery timeline after injury

LONDON: Reflecting on his recent injury, Pakistani batter Saim Ayub acknowledged the uncertainty surrounding his recovery, admitting he is unsure how long it will take to regain full fitness. Speaking from London, where he is receiving treatment for...

More like this
Related

Inflation drops to 3% after economic reforms: Aurangzeb

ISLAMABAD: Finance Minister Mohammad Aurangzeb announced on Wednesday that inflation in Pakistan has fallen to 3% this month, attributing the decline to the country's ongoing economic reforms. Speaking in an interview with Nikkei Asia, the minister e...

OICCI President meets FinMin to discuss economic outlook, federal budget

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Mr. Yousaf Hussain, President of the Overseas Investors Chamber of Commerce & Industry (OICCI), today at the Finance Division in Islamabad. The meeting pro...

KSE-100 drops 308 points

KARACHI: The Pakistan Stock Exchange (PSX) faced selling pressure on Wednesday, with the benchmark KSE-100 Index closing lower by 308 points, ending a three-session positive streak. The index started the day on a positive note, reaching an intra-day...

WB's $20bn pledge reflects confidence in Pakistan: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday expressed his appreciation for the World Bank's historic pledge of $20 billion to Pakistan, announced under its first-ever 10-year Country Partnership Framework (CPF). The Prime Minister describe...
Need Help? Chat with us