A month toiling in a high-cost economy following a spike in petroleum costs, Kenyans are set to dig further into their pockets just to keep the lights on.
This comes after the Energy and Petroleum Regulatory Authority (EPRA), in a Gazette Notice dated Friday, October 15, reported that it had increased the fuel cost charged per unit even as the shilling continues to deteriorate against the dollar.
The new charge currently stands at Ksh3.97 per unit from the Ksh3.88 the authority charged for power use in September. The notification additionally indicated foreign exchange adjustment levy had been increased by Ksh1.04 from 76 cents charged a month ago.
"Notice is given that all prices for the electricity energy… will be at liable to a fuel energy cost charge of in plus to 397 Kenya cents per kWh for all meter readings to be taken in October 2021," read the report to some extent.
According to the notification, the cost of electricity in Kenya for the month of October is relied upon to surpass Ksh25 per unit.
Whenever increased, the charge each Kilowatt-hour will be the highest in the country since 2018, despite active endeavors to have exorbitant charges decreased.
The spike is unexpected right now considering that petroleum and diesel prices for the month of October decreased by Ksh5 each. The increment in fuel cost charge is pegged on the deteriorating shillings against the dollar. The charge is likewise dependent on diesel price attributable to the oil's usage by thermal sources, for example, generators in electricity generation.
On Tuesday, October 12, President Uhuru Kenyatta formed a 21-member steering committee execute guidelines issued by the Presidential Taskforce on the review of power purchasing agreements with an aim of bringing down electricity bills.
The committee led by Industrial and Commercial Development Corporation (ICDC) Chairperson, John Ngumi, was given a half year to reduce the cost of electricity in the country.
Within the initial four months, the committee is relied upon to negotiate with independent power providers to reduce power tariffs, which will thus see the general cost of power reduced
Interior Ministry Cabinet Secretary, Fred Matiang'i, likewise noticed that Kenya Power had been transformed into a state project inferable to mismanagement at the monopoly.
Content created and supplied by: TwinsM (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More