The utility company revealed that there would be a reduction of up to 13.7% in domestic customers’ electricity rates.
According to Kenya Power, a number of factors contributed to the reduction, including an adjustment for foreign exchange fluctuations and a cumulative 37% drop in the fuel cost charge.
“We are happy to note that the reduction has given reprieve to our customers and we are optimistic that the prevailing macro-economic environment and the improved hydrology, which enables us to dispatch less thermal power, will sustain the benefit to our customers,” Joseph Siror, Kenya Power’s Managing Director and CEO, stated
The Energy and Petroleum Regulatory Authority (EPRA) claims that these modifications have had a major effect on the price of power for every type of client.
The strengthening of the Kenya Shilling and a decrease in the price of fuel used to produce electricity have resulted in a drop in power costs for consumers of up to 13.7% this month. According to a portion of the statement released by the Energy and Petroleum Regulatory Authority (EPRA), “the fuel cost charge and foreign exchange fluctuation adjustment, which comprise the key variable components of the electricity bill, reduced by 37.3 per cent between March 2024 and April 2024, across all customer categories.”
A customer under the Domestic Customer 1 (DC1) tariff band, for example, will pay Ksh629 in April 2024 instead of Ksh729 in March 2024, a reduction of 13.7%. The customer would consume 30 units of energy.
Similar savings of 11.2 percent and 9.7 percent, respectively, are available to clients under the Domestic Customer 2 (DC2) and Domestic Customer 3 (DC3) tariff bands.
