Sunday, May 26, 2024

Kenya power reduces electricity prices, see new charges

Co-Op post

The Kenya Power and Lighting Company(KPLC) has announced a 13.7 percent reduction in the price of electricity for domestic customers.

In a statement on Monday, April 15, the utility firm attributed the reduction to the strengthening of the shilling and the drop in the cost of fuel used in power generation.

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

According to KPLC, the fuel cost charge reduced from Sh.4.64 in March 2024 to Sh3.26 in April 2024 and from a high of Sh4.93 in January 2024.

On the other hand, the forex adjustment charge reduced from Sh3.68 in March 2024 to Sh1.96 in April 2024 and from a high of Sh6.85 in January 2024.

“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 in the country.”

“This enables us to dispatch less thermal power, will sustain the benefit to our customers,” said Kenya Power’s Managing Director & CEO, Dr. (Eng.) Joseph Siror.

Kenyan tycoon paying KPLC Sh100 million daily, Sh2 billion taxes per month

The latest changes are a relief for Kenyans who will now pay less to power their houses depending on their category.

KPLC has grouped its customers into three categories depending on their monthly power consumption.

The first category comprises customers consuming less than 30 units per month, while the second and third categories comprise customers consuming an average of 31-100 units per month and more than 100 units per month, respectively.

Customers under the Domestic Customer 1 (DCI) tariff band (those consuming less than 30 units per month) using 30 units of electricity will now pay Ksh629 in April 2024 compared to Ksh729 for similar units in March 2024.

Meanwhile, customers under the Domestic Customer 2 (DC2) tariff (averaging 31-100 units per month) who consume 60 units will pay Sh1,574 in April 2024 compared to Sh1,773 in March 2024.

At the same time, those on the Domestic Customer 3 (DC3) tariff band (averaging more than 100 units per month) who use 120 units per month will pay Sh3,728 in April 2024 compared to Sh4,127 in March.

The power drop per category represents a 13.7%, 11.2%, and 9.7% reduction, respectively.

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