Key Highlights
Up to 13.7% reduction in the cost of electricity for domestic customers
37% cumulative reduction in fuel cost charge and foreign exchange fluctuation adjustment
Nairobi, Monday, 15th April 2024… Electricity customers will enjoy up to a 13.7% reduction in the cost of power this month, following the strengthening of the Kenya Shilling and a reduction in the cost of fuel that is used to generate electricity.
The fuel cost charge and foreign exchange fluctuation adjustment, which comprise the key variable components of the electricity bill, reduced by 37.3% between March 2024 and April 2024, across all customer categories, as gazetted by the Energy and Petroleum Regulatory Authority (EPRA)
The fuel cost charge reduced from KSh.4.64 in March 2024 to KShs.3.26 in April 2024, and from a high of KShs.4.93 in January 2024. On the other hand, the forex adjustment charge reduced from Kshs.3.68 in March 2024 to KShs.1.96 in April 2024 and from a high of KShs.6.85 in January 2024.
“We are happy to note that the reduction has given 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,” said Kenya Power’s Managing Director & CEO, Dr. (Eng.) Joseph Siror.
A customer under the Domestic Customer 1 (DC1) tariff band (those consuming less than 30 units per month) using 30 units of electricity will pay KShs.629 in April 2024 compared to KShs.729 for similar units in March 2024, representing a 13.7% reduction.
Similarly, a customer under the Domestic Customer 2 (DC2) tariff (averaging 31-100 units per month) who consumes 60 units will pay KShs. 1,574 in April 2024 compared to KShs. 1,773 in March 2024 representing a 11.2% reduction.
A customer under the Domestic Customer 3 (DC3) tariff band (averaging more than 100 units per month) who uses 120 units per month will pay KShs. 3,728 in April 2024 compared to KShs. 4,127 in March representing a 9.7% reduction.
Access to affordable electricity is key to spur the socio-economic development of the country. To this end, Kenya Power is focused on driving economic development through the provision of reliable and sufficient electricity across the country.
About Kenya Power
The Kenya Power and Lighting Company Plc (Kenya Power) is a publicly listed company, and the country’s only electricity off taker that transmits, distributes and retails power to customers throughout Kenya.
In the period between 1922 to date, Kenya Power has extended its transmission and distribution network across the country, covering over 306,00 kilometres. As at December 2023, the Company had over 9.5 million accounts and had enabled over 76% of the country’s population to access the national grid.
The Company’s vision is to be Kenya’s energy solutions provider of choice by sustainably supplying quality and reliable service to power people for better lives to support the country’s socio-economic development using innovation and leveraging on technology.
For more information, visit:
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