More pain for Kenyans as electricity prices set to increase

Date:

As if the recent taxes introduced by the Treasury CS weren’t enough for Kenyans, the government through the Energy and Petroleum Regulatory Authority has announced an increase in electricity prices.

This horrible news was announced by the EPRA through a Kenya Gazette on Friday, June 12. They explained that they had increased the fuel energy cost charge by Ksh2.40 per kWh (Kilowatts per hour).

“This change was made pursuant to clause 2 of Part III of the Schedule of Tariffs 2018,” EPRA Director General Robert Oimeke announced.

Read more:

Tough Times Force Kenyans To Sell Household Items To Survive

Defaulted Bank Loans Hit A 13-year High, CBK Reveals

Fuel prices set to drop as diesel records biggest price fall in 13 years

Kenyans on Twitter react angrily to Uhuru Kenyatta’s tax plans

It also increased the water resource management authority levy by 2.11 Kenya cents per kWh and adjusted foreign exchange fluctuation.

“All prices for electrical energy will also be liable to a foreign exchange fluctuation adjustment of plus 31.84 Kenyan cents per kWh,” EPRA announced.

The new prices will affect all meter readings to be taken from June 2020. The reason for the price increase was the weakening of Kenya’s Shilling against the Dollar with the Shilling trading at a high of Ksh 106.5.

This new price increase is happening despite the reduction in global fuel prices that is a huge factor in the cost of electricity in many Kenyan homes.

Read here for more stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Kenya Gives Licence to Ugandan Firm, Ending Wrangle

Kenya will finally license the Uganda National Oil Company...

DCI Nabs Woman at JKIA, Expose International Trafficking Syndicate

The Directorate of Criminal Investigation (DCI) has exposed an...

DJ Xclusive Quits Day After Mwalimu Rachel

NRG radio show host Dj Xclusive has resigned a...

Moi University Bus Involved in Accident

A bus belonging to Moi University has been involved...