The Kenya Power and Lighting Company (KPLC) has announced a reduction in the price of electricity from April 15, 2024.
In a statement, KPLC said the reduction is a result of the strengthening of the Kenya shilling and a reduction in the cost of fuel that is used to generate electricity.
“Electricity customers will enjoy up to a 13.7% reduction in the cost of power this month,” KPLC said.
According to Energy and Petroleum Regulatory Authority (EPRA), the fuel cost charge and foreign exchange fluctuation adjustment reduced by 37.3% between March 2024 and April 2024.
The two, which are the key variable components of the electricity bill reduced across all customer categories.
Kenya Power’s Managing Director Dr Joseph Siror said the fuel cost charge reduced from KSh.4.64 in March 2024 to KSh3.26 in April 2024, and from a high of KSh4.93 in January 2024.
On the other hand, the forex adjustment charge reduced from Ksh3.68 in March 2024 to KSh1.96 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,” Dr Siror said.
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Customers consuming less than 30 units of electricity per month pay KSh629 in April 2024 compared to KSh729 for similar units in March 2024, representing a 13.7% reduction.
“Access to affordable electricity is key to spur the socio-economic development of the country,” the statement read in parts.
The reduction has also affected customers using between 30 and 100 units as well as those using above 100 units of electricity in a month as follows.
A customer who consumes 60 units will pay KSh1,574 in April 2024 compared to KSh1,773 in March 2024 representing a 11.2% reduction.
Similarly, a customer who uses 120 units per month will pay KSh3,728 in April 2024 compared to KSh4,127 in March representing a 9.7% reduction.
Siror said the Company remains focused on driving economic development through the provision of reliable and sufficient electricity across the country.
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EPRA Fuel Prices
Reduction in electricity prices comes a day after EPRA announced a decrease in fuel prices for the fifth consecutive month.
For the period between April 15 and May 14, 2024, EPRA set the maximum prices of fuel in Nairobi as follows of Super Petrol at Ksh193.84 per litre, diesel at Ksh180.38 and Kerosene at Ksh170.06 per litre.
The Authority reduced the cost of Super Petrol by Ksh5.31, diesel by Ksh10.00 and Kerosene Ksh18.68 per litre.
