Kenyans have been enjoying a reduction in electricity prices since February 2024. Kenya Power managing director Joseph Siror speaking at a past event. In April 2024, Kenya Power and Lighting Company (KPLC) electricity prices dropped by KSh 2.1 per unit to retail at KSh 26 for domestic users. What lowers KPLC token prices This followed a tariff review by the Energy and Petroleum Regulatory Authority (EPRA). According to Nation, EPRA reduced fuel energy costs and foreign exchange fluctuation rate by KSh 0.38 to KSh 3.26 and KSh 1.72 to KSh 1.96, respectively. Customers purchasing tokens at KSh 500 received 16.09 units in April 2024, compared to 14.99 units in February 2024. For KSh 5,000 spent in March 2024 on tokens, KPLC allocated 150.47 units, compared to 160.94 units in April 2024. This was attributed to the continued strength of the shilling and the reduction in fuel prices. EPRA electricity tariff In March 2024, EPRA lowered the energy fuel costs from KSh 4.14 per kilowatt-hour (kWh) in February to KSh 3.64. The regulator also boosted its procurement of cost-effective hydropower to 260.88 million units in February, a slight increase from 253.4 million units in January. A spot check by TUKO.co.ke showed that KSh 500 bought 17 units of tokens, up from 15 units in January 2024.
by Wycliffe Musalia
