electricity in kenya Archives

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...

Consumers will be hit by an electricity price shock in January 2023 as the subsidy which retired president Uhuru Kenyatta initiated is dropped. Energy and Petroleum Regulatory Authority (EPRA) director-general Daniel Kiptoo said the 15 per cent discount would not be extended beyond its expiry date of December 31, 2022. “When the new government came in, it withdrew the support (subsidy) in August, and thus after the end of December, we will revert to the rates that were in place before January,” President William Ruto has been against subsidies imposed by his predecessor on items like petrol and maize which were meant to ease the cost of living crisis and boost economic growth. However, Ruto eliminated subsidies terming them unsustainable. In his inaugural speech on Tues...

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Kenya Power to start charging certain customers in dollars

Electricity prices to rise by 15% in January 2023 as subsidy is dropped