NAIROBI, Kenya Apr 15 \u2013 Kenya Power has announced a 13.7% drop in electricity bills starting from May, providing much-needed relief to consumers grappling with the high cost of living. <\/p>\n
The announcement on Monday follows a reduction in fuel prices by up to Sh10, as set by the Energy and Petroleum Regulatory Authority (EPRA) the previous day after months of soaring prices.<\/p>\n
According to Dr. Fred Siror, the Managing Director of Kenya Power, this reduction in electricity prices is attributed to the strengthening of the Kenyan Shilling and a decrease in the cost of fuel used for generating electricity. <\/p>\n
He expressed satisfaction with the relief this reduction would bring to customers, expressing optimism that the improved macro-economic environment and enhanced hydrology would sustain these benefits.<\/p>\n
The firm highlighted that the fuel cost charge and foreign exchange fluctuation adjustment, crucial components of the electricity bill, have decreased by 37.3% between March 2024 and April 2024 across all customer categories, as per EPRA\u2019s gazettement.<\/p>\n
In specific figures, the month-on-month fuel cost charge dropped from Ksh 4.64 in March to Ksh 3.26 in April 2024, down from a high of Ksh 4.93 in January 2024.<\/p>\n
The forex adjustment charge decreased from Ksh 3.68 in March 2024 to Ksh 1.96 in April 2024, compared to Ksh 6.85 in January 2024.<\/p>\n
For consumers, the reduction translates to tangible savings. For instance, a customer under the Domestic Customer 1 (DC1) tariff band consuming 30 units per month will pay Ksh 629 in April 2024, compared to Ksh 729 for similar units in March 2024, marking a 13.7% reduction.<\/p>\n
Customers under the Domestic Customer 2 (DC2) tariff, consuming 60 units, will pay Ksh 1,574 in April 2024, down from Ksh 1,773 in March 2024, reflecting an 11.2% reduction. Likewise, a customer under the Domestic Customer 3 (DC3) tariff, utilizing 120 units monthly, will pay Ksh 3,728 in April 2024, compared to Ksh 4,127 in March, indicating a 9.7% reduction.<\/p>\n
Kenya Power emphasized the critical role of affordable electricity in driving socio-economic development in the country. The company reiterated its commitment to facilitating economic growth by ensuring the availability of reliable and affordable electricity nationwide.<\/p>","protected":false},"excerpt":{"rendered":"
NAIROBI, Kenya Apr 15 \u2013 Kenya Power has announced a 13.7% drop in electricity bills starting from May, providing much-needed relief to consumers grappling with the high cost of living. The announcement on Monday follows a reduction in fuel prices by up to Sh10, as set by the Energy and Petroleum Regulatory Authority (EPRA) the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27364","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/27364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=27364"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/27364\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=27364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=27364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=27364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}