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July Power Prices Decrease by 3.5% Offering Some Relief
In a welcome development, consumers can breathe a sigh of relief as electricity prices for July have been reduced by 3.5%. This decrease translates to lower power bills for the current month.
The Energy and Petroleum Regulatory Authority (EPRA) conducted its monthly review of electricity prices and made adjustments accordingly. The fuel energy charge has been reduced from Sh4.49 per unit to Sh4.02 per unit compared to the previous month.
Additionally, the foreign exchange rate fluctuation adjustment has been decreased from Sh2.06 per unit to Sh1.75 per unit.
Consequently, the outcome of these price revisions means that domestic ordinary customers, who have been paying Sh28 per kilowatt-hour (kWh) of electricity, will now pay a slightly lower rate of Sh27 per unit for this month.
It’s worth noting that the fuel energy charge is collected by Kenya Power and subsequently reimbursed to power producers for thermal electricity generation.
This reduction in the fuel energy charge aligns with Kenya’s ongoing efforts to replace thermal power on the grid with more affordable hydropower imports and geothermal energy. These measures aim to achieve long-term price reductions in the electricity sector.
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