Nepra gives a big electric jolt to the Karachiites on Monday as the regulatory authority has approved Rs9.66 per unit hike in the rate of K-Electric power.The increase was made under the head of fuel adjustment charges for the month of May. The National Electric Power Regulatory Authority would release its detailed decision after taking a thorough analysis of the statistics.
According to the K-Electric authorities, the power company has yet to retrieve Rs380 billion in receivables.
The Nepra chairman offered assistance to the K-Electric if it needed to buy cheap electricity. He said that the regulatory body was ready to talk with the federal and provincial governments on behalf of the K-Electric for the provision of cheap electricity.
