The Energy and Petroleum Regulatory Authority (EPRA) lowered the energy fuel costs from KSh 4.14 per kilowatt-hour (kWh) in February to KSh 3.64 in March....CONTINUE READING THE FULL ARTICLE>>>
EPRA also boosted its procurement of cost-effective hydropower to 260.88 million units in February, a slight increase from 253.4 million units in January.
In March, KSh 500 bought 17 units of tokens, up from 15 units in January, a consumer’s power bill seen by TUKO.co.ke showed.
Kenya’s power consumers have experienced slight relief after electricity prices dropped for the second consecutive month.
Why electricity prices dropped. This came after the Energy and Petroleum Regulatory Authority (EPRA) lowered the energy fuel costs from KSh 4.14 per kilowatt-hour (kWh) in February to KSh 3.64 in March.
Simultaneously, the regulator boosted its procurement of cost-effective hydropower to 260.88 million units in February, a slight increase from 253.4 million units in January, alleviating bill pressures.
“Pursuant to Clause 1 of Part III of the Schedule of Tariffs 2023, notice is given that all prices for electrical energy specified in Part II of the said Schedule will be liable to a fuel energy cost charge of plus 364 Kenya cents per kWh for all meter readings to be taken in March 2024, EPRA director general Daniel Kiptoo said in a gazette notice.
However, Business Daily reported that the foreign exchange rate fluctuation adjustment went up from KSh 3.22 in February to KSh 3.68 in March, denying consumers cheaper electricity.
This is despite the strengthening of the Kenyan shilling to 140.4 against the United States (US) dollar.
KPLC assures Kenyans of cheaper power. Due to the available dollars, Kenya Power and Lighting Company (KPLC) managing director Joseph Siror assured consumers that they would pay less for electricity in the coming months.
“For long, foreign currency was not available thus the increased payments which ultimately will level out as we clear the backlog of payments,” Siror said.
In March, KSh 500 bought 17 units of tokens, up from 15 units in January, a consumer’s power bill seen by TUKO.co.ke showed.
Why hydropower generation increased. KenGen experienced a boost in hydropower generation as Seven Forks Cascade dams reached impressive water levels.
The company stated that Kenyans will reap the full benefit of cheaper electricity from increased generation. KenGen’s managing director and CEO, Peter Njenga, expressed satisfaction with the robust inflows from the Mount Kenya and Aberdares catchment areas, heralding a positive outlook for cheaper electricity for Kenyans…CONTINUE READING>>
