Kenya power has announced a 13.7 per cent reduction in the price of electricity over improvement of the kenyan shilling against the dollar and the recent drop in the fuel prices.
In a statement on Monday, KPLC said that customer under the Domestic Customer 1 (DC1) tariff band using 30 units of electricity will pay Sh629 in April 2024 compared to Sh729 for similar units in March 2024.
"The fuel cost charge and foreign exchange fluctuation adjustment, which comprise the key variable components of the electricity bill, reduced by 37.3 per cent between March 2024 and April 2024, across all customer categories, as gazetted by the Energy and Petroleum Regulatory Authority (EPRA)," Kenya Power stated
The Kenya power managing director and CEO Joseph Siror, also noted that the prevailing macro-economic environment will enable them to dispatch less thermal power and sustain customers benefit.
"We are happy to note that the reduction has given a 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," KPLC CEO Siror said.
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.
Kenya Power reduces electricity prices by 13.7%