Kenya Power continues its remarkable trend of reducing power token prices for consumers, marking the second consecutive month of welcome cost reductions initiated by the utility company.
The decision to lower token prices coincides with Kenya Power’s Chief Executive Officer (CEO), Joseph Siror, affirming that electricity currently stands as the most economical energy option in the country.
A recent check reveals that, for a payment of Ksh1,000, Kenyans are now receiving a generous 37.61 units, representing a significant increase from August when the same amount would yield only 31.15 units.
For a mere Ksh100, electricity consumers now receive 3.76 units, a noteworthy boost from the previous month when Ksh100 would fetch just Ksh3.67 worth of units. Remarkably, in July, prior to the first reduction, Ksh100 translated to Ksh3.59 units.
These impressive price reductions have been achieved despite Kenya Power implementing new tariffs back in April, a move that had raised concerns among Kenyans, fearing a potential 78 percent price hike.
During discussions with the Energy and Petroleum Regulatory Authority (EPRA), Kenya Power declared its intention to phase out subsidies initially designed to protect vulnerable households.
This marked the first upward revision of power tariffs by the power transmission company since 2018.
President William Ruto provided reassurance that the subsidy removal would not result in increased token prices, stating, “I want to assure the country that there will be no additional charges today or in the future on electricity bills for the people of Kenya.”
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