Published on April 15, 2024 by Kenneth Wepukhulu
Last Updated on 2 years by Kenneth Wepukhulu
Kenya Power has reduced electricity prices for domestic users for the month of April.
In a statement on Monday, April 15, the utility company revealed that domestic customers would experience a decrease in their electricity bills by up to 13.7 per cent.
Kenya Power said the reduction comes as a result of multiple factors, including a 37 per cent cumulative decrease in the fuel cost charge and foreign exchange fluctuation adjustment.
“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’s Managing Director & CEO Joseph Siror said.
According to the Energy and Petroleum Regulatory Authority (EPRA), these adjustments have significantly impacted electricity costs for all customer categories.
“Electricity customers will enjoy up to a 13.7% reduction in the cost of power this month, following the strengthening of the Kenya Shilling and a reduction in the cost of fuel that is used to generate electricity. The fuel cost charge and foreign exchange fluctuation adjustment, which comprise the key variable components of the electricity bill, reduced by 37.3% between March 2024 and April 2024, across all customer categories, as gazetted by the Energy and Petroleum Regulatory Authority (EPRA),” Siror stated.
“The fuel cost charge reduced from KSh.4.64 in March 2024 to KShs.3.26 in April 2024, and from a high of KShs.4.93 in January 2024. On the other hand, the forex adjustment charge was reduced from Kshs.3.68 in March 2024 to KShs. 1.96 in April 2024 and from a high of KShs.6.85 in January 2024.”
