Kenya Power has confirmed that the cost of electricity in the country has been reducing over the last twelve months.
Confirming the news was Kenya Power Managing Director and CEO Dr. Eng. Joseph Siror who said that the strengthening of the Kenya Shilling against the US Dollar has lowed the pass-through costs to customers.
- Gov’t steps in to investigate mysterious illness in Kisii County
- Treasury responds to claims of Ksh 1.3T withdrawal from CBK
He continued by saying that the cost of fuel depends heavily on prevailing dollar exchange rate and the same will determine the market prices in the country.
“This has added from the gains from the decline in the base energy cost following a review of the electricity tariff in April 2023 which put in place a three-year tariff that provides for a lower cost per unit, stating in July of each of the three years. So far the the base tariff has declined from Ksh 19.04 per unit in 2023 to the current Ksh 17.94.” he said
Siror however cautioned against the push to introduce wayleave charges on power infrastructure saying that it will again push up the cost of electricity and do away with the gains recorded so far.
