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