Monday, December 23, 2024

For every Sh. 100 Kenyans use to buy KPLC Tokens, Sh. 60 goes to taxes, charges

For every Sh. 100 Kenyans use to buy KPLC Tokens, Sh. 60 goes to taxes, charges

How expensive have KPLC Tokens become? The answer is very expensive. Currently, for every Sh. 100 an ordinary Kenyan uses to buy KPLC Tokens, Sh. 60 goes to charges and taxes.

This means that out of Sh. 100, only Sh. 39.99 goes to buying the actual tokens. This amount is only able to afford 5.19 tokens in an ordinary household.

Here is a the breakdown of what Sh. 100 will get you:

Co-Op center

KPLC Tokens Units: 5.19

Amount Ksh: 100.00

Token Amount: Ksh. 39.99

NCBA

VAT: Ksh. 12.02

Fuel Energy Charge: Ksh. 35.22

Forex Charge: Ksh. 7.1

Co-Op post

EPRA Charge: Ksh. 0.15

WRA Charge: Ksh. 0.06

REP Charge: Ksh. 1.99

Inflation Adjustment: Ksh. 3.47.

Kenyans who use Sh. 1,000 to buy tokens are getting 51.88 units while Sh. 500 is only able to get 25.95 units for domestic use of less than 100 units. For domestic use of above 100 units, Sh. 1,000 is only fetching 39.68 units while Sh. 500 is getting 19.84 units.

In September 2022, the cost of power in Kenya became the fifth highest in Africa after Rwanda, Mali, Burkina Faso and Gabon.

Kenya Power to drop diesel, petrol cars for electric cars

This was after Kenya Power increased cost of electricity in the country by 21 per cent (for domestic users who use less than 100 units per month) and 15.1 per cent (for domestic users who use more than 100 units per month).

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