Kenyans can smile again after the Energy and Petroleum Regulatory Authority (EPRA) lowered the energy fuel costs from 4.14 shillings per Kilowatt hour in February to 3.64 shillings in March 2024.
This is indeed a steady decrease because it will go a long way in making sure that the electricity prices are not exorbitant. This is also good news to Kenyans because this is the second consecutive month that the electricity prices are dropping.
Many Kenyans have been complaining especially in social media in regards to the low number of tokens that they have been getting after paying huge sums of money for electricity.
The decrease in electricity prices can also be attributed to the fact that the regulator boosted its procurement of cost-effective hydropower to 260.88 million units in February and slight increase from 253.4 million units that was in January. This really boosted the pressure that comes with the billing.
The Managing Director of the Kenya Power and Lighting Company Mr. Joseph Siror told Kenyans that they should brace themselves for good days coming ahead because they will be paying cheaper electricity prices.
He also added that the prices increased because of the unavailability of the foreign currency. He added that it will level out even as they try their best to clear the backlog of payments.
Kenyans will also enjoy cheap electricity because KenGen got a boost in hydropower generation because the Seven Forks Cascade reached good water levels.
The Managing Director and the CEO of KenGen Peter Njenga also shared that they have been impressed by the high inflow of water from the water catchment areas of Mount Kenya and the Aberdares and he also assured Kenyans that electricity prices will significantly go down.
