Kenya Power to start charging certain customers in dollars
Kenya Power has recently secured regulatory approvals to implement dollar billing for certain customer categories.
The move aims to mitigate currency exchange risks and stabilise revenue streams for the utility company that announced a return to profitability with a Sh319 million profit in the first half of the financial year 2023/24.
This approval follows a period of extensive deliberation and assessment by regulatory bodies to ensure compliance and fairness.
“There was a lot of engagement on this right from the top, including the regulator and the government, and we got the necessary approvals,” Kenya Power Finance Manager Stephen Vikiru said on February 23.
Kenya Power, in its bid to cushion itself against currency fluctuations, had sought permission to bill some custom...
