Electricity prices have risen for the second month in a row, attributed to high oil prices and a weak shilling.
The Energy and Petroleum Regulatory Authority (EPRA) on Friday increased the fuel and foreign exchange components of the power bill.
The Fuel Cost Charge (FCC) will increase to KES 7.09 per unit of electricity consumed this month from KES 6.79 last month while the Foreign Exchange Fluctuation Adjustment will increase to KES 1.48 per unit from KES 1.37 in September.
“Notice is given that all prices for related electrical energy specified in Part II (the Schedule of Tariffs 2018) will be liable to a fuel energy cost charge of plus 709 Kenya cents per kilowatt hour (kWh) for all meter readings to be taken in October 2022,” said EPRA in relation to FCC in a gazette notice Friday.
FCC had remained constant since January at KES 4.63 per unit while forex adjustment was at 73 cents over the eight months. The two components staying at the same levels supported the 15% reduction in electricity prices effected early in the year following former President Uhuru Kenyatta’s directive.
The cost of crude oil, which informed the new fuel charge, has risen to an average of KES 14,103 in August from KES 8,140 in January this year.
See Also:
