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.
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.
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