Home Business Kenya Power cuts energy bills by 13.7pc

Kenya Power cuts energy bills by 13.7pc

Consumers will see up to 13.7pc reduction in their electricity bills this month, Kenya Power has said.

According to the utility, the reduction has been triggered by the the strengthening of the Kenya Shilling and a reduction in the cost of fuel that is used to generate electricity.

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“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,” said Dr Fred Siror, Kenya Power Managing Director

The firm says the fuel cost charge and foreign exchange fluctuation adjustment, which comprise the key variable components of the electricity bill, reduced by 37.3pc between March 2024 and April
2024, across all customer categories, as gazetted by the Energy and Petroleum Regulatory Authority (EPRA).

Month-on-month fuel cost charge reduced from Ksh 4.64 in March to Ksh 3.26 in April 2024 from a high of Ksh 4.93 in January 2024.

Similarly, the forex adjustment charge reduced from Ksh 3.68 in March 2024 to Ksh 1.96 in April 2024 and from a high of Ksh 6.85 in January 2024.

A customer under the Domestic Customer 1 (DC1) tariff band (those consuming less than 30
units per month) using 30 units of electricity will pay Ksh 629 in April 2024 compared to Ksh 729
for similar units in March 2024, representing a 13.7pc reduction.

Customers under the Domestic Customer 2 (DC2) tariff (averaging 31-100 units per
month) who consumes 60 units will also pay Ksh  1,574 in April 2024 compared to Ksh 1,773 in March
2024 representing a 11.2pc reduction.

A customer under the Domestic Customer 3 (DC3) tariff band (averaging more than 100 units
per month) who uses 120 units per month will pay Ksh 3,728 in April 2024 compared to Ksh
4,127 in March representing a 9.7pc reduction.

“Access to affordable electricity is key to spur the socio-economic development of the country.
To this end, Kenya Power is focused on driving economic development through the provision of
reliable and sufficient electricity across the country,” the firm stated.

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