Economy
Kenya Power Cuts Electricity Costs By 13.7pc Starting This Month
Kenyans will now enjoy cheaper electricity bills after Kenya Power announced a 13.7 percent power cost cut starting this month.
The utility firm links the drop to the strengthening of the Kenyan shilling against the American dollar as well as a decline in fuel prices.
According to the company, the fuel cost charge and foreign exchange fluctuation adjustment, which comprise the key variable components of the electricity bill, were reduced by 37.3 percent between March 2024 and April 2024.
For example, the fuel cost charge was reduced from Sh4.64 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 was 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, which enables us to dispatch less thermal power, will sustain the benefit to our customers,” Kenya Power Managing Director & CEO Joseph Siror said.
A customer under the Domestic Customer 1 (DC1) tariff band (those consuming less than 30 units per month of electricity) will pay Sh629 in April 2024 compared to Sh729 for similar units in March 2024, representing a 13.7 percent reduction.
Similarly, a customer under the Domestic Customer 2 (DC2) tariff (averaging 31–100 units per month) will pay Sh1,574 in April 2024 compared to Sh1,773 in March 2024, representing a 11.2 percent reduction.
Those under the Domestic Customer 3 (DC3) tariff band (averaging more than 100 units per month) will pay Sh3,728 in April 2024 compared to Sh4,127 in March, representing a 9.7 percent reduction.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
The Debt They Would Not Pay: How Standard Group Ducked Sh50 Million In Regulatory Fee For Years, Then Called It A Witch-Hunt
Millions Angry With Trump Expected To Fill American Streets
City Lawyer Kimani Wachira Caught Up In Bribery Web Fights Claims
Men Linked to Akasha Drug Dynasty Charged With Death Threats and Assault at Nairobi Nightclub
You Will Pay: KRA To Monitor M-Pesa Transactions Of ‘Nil-Returns’ Filers
The Diplomat, the Mine Giant, and the Conservancy: Why Kenyans Are Questioning Britain’s Hand in Lewa
THE HANDSHAKE THAT BECAME A NOOSE: How Tuju’s Alleged Intimate Access to EADB’s Yeda Apopo Produced a Sh294 Million Deal With No Written Contract, and Why That Trust Destroyed an Empire
Israel’s Military At Risk Of Collapse, Chief Warns
Trump Signature To Appear On US Currency, Ending 165-Year Tradition
Peter Maina Karimi Officially Appointed Head Of Kenya’s Gambling Regulator
Kenya Strips Dutch Climate Body of Diplomatic Immunity Amid Donor Fraud Scandal and Allegations of Executive Capture
How Little-Known Pesa Print, Linked to State House Tycoons, Won NTSA Tender Worth Sh42 Billion in Traffic Fines
Tuju Forcefully Removed From His Karen Property With Masked Officers In Unmarked Vehicles In Early Morning Raid
Ex-Inchcape Kenya CEO Sanjiv Shah Charged With Bank Fraud
Nowhere To Hide: Govt Begins Tracing Hustler Fund Defaulters Using National IDs To Recover Unpaid Sh12 Billion
Named: Havi Says Mutava Confessed He Was Collecting The Bribe For Lady Justice Josephine Mongare, So Why Is JSC Still Silence?
The Man With The Golden Pen: How NLC’s Joel Ombati Is Accused Of Masterminding Kenya’s Biggest Infrastructure Land Heist
Waweru’s Bank Pockets Sh1.16 Billion from KPC IPO While Ordinary Kenyans Fled the Sale
‘They Will Eat You Alive’: Retired Teacher Warns Against Bashy African Credit as Sh500,000 Loan Spirals Into Sh1.5 Million Fight
The New Master of the Nation: How a Tanzanian Billionaire With a President in His Pocket Just Bought Kenya’s Most Powerful Press
-
Business2 weeks ago‘They Will Eat You Alive’: Retired Teacher Warns Against Bashy African Credit as Sh500,000 Loan Spirals Into Sh1.5 Million Fight
-
Investigations1 week agoTHE RUTO HAND IN TUJU’S FALL: How a President-Linked Petroleum Baron Walked Away With Sh3.5 Billion Karen Land for Sh450 Million
-
Business1 day agoTHE HANDSHAKE THAT BECAME A NOOSE: How Tuju’s Alleged Intimate Access to EADB’s Yeda Apopo Produced a Sh294 Million Deal With No Written Contract, and Why That Trust Destroyed an Empire
-
Business6 days agoBig Shame: EY and PwC Found Guilty of Fraud and Corruption in Kenya as World Bank Bans Lay Bare Scandal Inside the Global Audit Elite
-
Investigations2 weeks agoInvestigations Reveal The Depth Of Rot In City Hall’s Garbage Collection Tender To Corrupt Ghanaian Firm
-
Investigations2 weeks agoRevealed: How Kibaki and His Men Stole Raila’s Victory in the 2007 Election
-
Business2 weeks agoCyber Attack: Inside the USD4 Million Equity Bank Heist in Rwanda
-
Business2 weeks agoRegulator Finds GT Bank Kenya Guilty of Unfair Loan Terms After Throwing Longtime Customer Under the Bus