After numerous consumer complaints about soaring electricity prices in Kenya, Kenya Power has finally implemented price reductions. This is the first time in a long time that consumers have encountered a reduction in token prices.
A report on Monday by a local media house revealed that for a thousand Kenyan Shillings (Ksh1,000), consumers now receive 37.61 units in September, a significant improvement from August when the same amount yielded only 31.15 units.
Additionally, in September, Ksh100 now buys 3.76 units, compared to 3.67 units in August and 3.59 units in July.
This reduction in token prices aligns with a statement from Kenya Power’s CEO, Joseph Siror, who has asserted that electricity is currently the most affordable energy source in Kenya. It’s worth noting that Kenya Power had introduced new tariffs in April, initially raising concerns of potential price hikes of up to 78 percent.
In discussions with the Energy and Petroleum Regulatory Authority (EPRA), Kenya Power expressed its intention to eliminate subsidies meant to support low-income households, marking the first tariff adjustment since 2018.
By News Hub Creator